<h1>RBI Compounding Process for FEMA 1999: Admit, Submit, and Resolve Contraventions in 180 Days, Excluding Section 3(a) Violations.</h1> The Foreign Exchange Management Act (FEMA), 1999 outlines procedures for compounding contraventions, which involve voluntarily admitting a breach and seeking resolution. The Reserve Bank of India (RBI) can compound contraventions, except those under section 3(a), after offering a personal hearing. Applications can be made by individuals or entities aware of their contraventions. The process involves submitting a form and a fee, with the RBI assessing whether the contravention is technical, material, or sensitive. The compounding process, typically completed within 180 days, results in a penalty, and once compounded, no further proceedings can be initiated.