https://www.taxtmi.com/circulars?id=52882 The circular consolidates the Reserve Bank's procedure for compounding of admitted contraventions under FEMA, 1999 and the Compounding Proceedings Rules, 2000. It sets out institutional competence (RBI versus Directorate of Enforcement), delegation of powers to specified officers and Regional Offices, application format and annexure requirements for FDI/ECB/ODI/LO BO cases, timelines for disposal, factors for quantification of the compounding sum, and post compounding consequences including payment, certificate of realization and ineligibility where statutory approvals are lacking or repeat contraventions occur within three years. en-us Tue, 01 Jul 2014 00:00:00 +0530 Wed, 02 Jul 2014 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52882 The circular consolidates the Reserve Bank's procedure for compounding of admitted contraventions under FEMA, 1999 and the Compounding Proceedings Rules, 2000. It sets out institutional competence (RBI versus Directorate of Enforcement), delegation of powers to specified officers and Regional Offices, application format and annexure requirements for FDI/ECB/ODI/LO BO cases, timelines for disposal, factors for quantification of the compounding sum, and post compounding consequences including payment, certificate of realization and ineligibility where statutory approvals are lacking or repeat contraventions occur within three years. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52882