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of <h1>New RBI Guidelines Simplify FEMA Offence Compounding with Focus on Gain, Loss, and Compliance History</h1> The Reserve Bank has issued guidelines for compounding offences under FEMA, detailed in A.P. (DIR Series) Circular No. 56, dated June 28, 2010, and Master Direction No. 4/2015-16. These guidelines aim to streamline the compounding process and delegate authority. Key factors for determining the compounding amount include the quantifiable gain from the contravention, loss to authorities, economic benefits from delayed compliance, the contravener's history of non-compliance, conduct during the transaction, and any other relevant considerations. These criteria are intended to ensure a fair and consistent approach to handling contraventions.
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