Compounding of contraventions under FEMA: RBI issues compliance certificate after realization of the compounded sum. Upon realization of the sum for which the contravention is compounded, the Reserve Bank issues a certificate indicating that the applicant has complied with the order passed by the Compounding Authority, thereby formally recognizing satisfaction of the compounding order.
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 under FEMA: RBI issues compliance certificate after realization of the compounded sum.
Upon realization of the sum for which the contravention is compounded, the Reserve Bank issues a certificate indicating that the applicant has complied with the order passed by the Compounding Authority, thereby formally recognizing satisfaction of the compounding order.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
