https://www.taxtmi.com/circulars?id=64538 Compounding powers under FEMA have been delegated to the Reserve Bank's Regional Offices/Sub Offices to compound specified contraventions under the FEM (Non Debt Instruments) Rules, 2019 and FEM (Mode of Payment and Reporting of Non Debt Instruments) Regulations, 2019, covering issuance of shares without approvals, receipt of investment, and specified reporting/payment obligations. The Reserve Bank has discontinued the separate 'technical' classification and will regularise such contraventions by imposing minimal compounding amounts per the Master Direction. For compounding orders on or after the stated date, only summary information (applicant name, provisions compounded, date of order and compounding amount) shall be published on the Bank's website. en-us Tue, 17 Nov 2020 00:00:00 +0530 Tue, 17 Nov 2020 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64538 Compounding powers under FEMA have been delegated to the Reserve Bank's Regional Offices/Sub Offices to compound specified contraventions under the FEM (Non Debt Instruments) Rules, 2019 and FEM (Mode of Payment and Reporting of Non Debt Instruments) Regulations, 2019, covering issuance of shares without approvals, receipt of investment, and specified reporting/payment obligations. The Reserve Bank has discontinued the separate 'technical' classification and will regularise such contraventions by imposing minimal compounding amounts per the Master Direction. For compounding orders on or after the stated date, only summary information (applicant name, provisions compounded, date of order and compounding amount) shall be published on the Bank's website. Circulars FEMA Tue, 17 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64538