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of <h1>Compounding FEMA 1999 Contraventions Requires Full Compliance and Approvals Before Submission to Reserve Bank</h1> An application for compounding contraventions under FEMA, 1999 cannot be submitted to the Reserve Bank until all necessary obligations are fulfilled. All requisite approvals and compliances must be completed before seeking compounding. Compounding is permissible only after completing all administrative actions as specified in the relevant directions. Applicants must enclose copies of approvals and other compliance documents with their application.
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