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          FEMA

          When should one apply for compounding?

          Compounding of Contraventions under FEMA, 1999 - As on Oct 01, 2024

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          Compounding of contraventions may be sought upon awareness of a breach, either suo moto or after an RBI memorandum. Compounding of contraventions under FEMA is available when a person becomes aware of a breach through the Reserve Bank, another statutory authority, auditors, or other means; the person may apply for compounding either suo moto or in response to a Memorandum of Contraventions issued by the Reserve Bank.
                            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 contraventions may be sought upon awareness of a breach, either suo moto or after an RBI memorandum.

                                  Compounding of contraventions under FEMA is available when a person becomes aware of a breach through the Reserve Bank, another statutory authority, auditors, or other means; the person may apply for compounding either suo moto or in response to a Memorandum of Contraventions issued by the Reserve Bank.


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