Compounding of FEMA contraventions: criteria guide assessment of sums payable under regulatory directions. Directions set out the regulatory framework for compounding of FEMA contraventions, referencing the Reserve Bank's circular and Master Directions, and list illustrative criteria for fixing the compounding amount: unfair gain, loss to public agencies, economic benefits from delayed or avoided compliance, repetitive non-compliance and history, conduct and disclosure by the contravener, and other relevant factors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding of FEMA contraventions: criteria guide assessment of sums payable under regulatory directions.
Directions set out the regulatory framework for compounding of FEMA contraventions, referencing the Reserve Bank's circular and Master Directions, and list illustrative criteria for fixing the compounding amount: unfair gain, loss to public agencies, economic benefits from delayed or avoided compliance, repetitive non-compliance and history, conduct and disclosure by the contravener, and other relevant factors.
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