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, ... Summary
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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