Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999

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....egory-I (AD Category-I) banks is invited to paragraph 3 of the Master Direction on "Compounding of Contraventions under FEMA, 1999", in terms of which the powers to compound certain contraventions of Notifications FEMA 20/2000-RB dated May 3, 2000 and FEMA 20(R)/2017-RB dated November 07, 2017 have been delegated to the Regional Offices/Sub-Offices of the Reserve Bank for enhanced customer service....

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....ent in India from non-resident or taking on record transfer of shares by Investee Company) Rule 9(4) and Rule 13(3) FEM (Mode of Payment and Reporting of Non-Debt Instruments) Regulations dated October 17, 2019 Regulation 3.1(I)(A) Regulation 4(1) Regulation 4(2) Regulation 4(3) Regulation 4(6) Regulation 4(7) Regulation 4(11) 2. Please refer to para 3.5 of A.P. (DIR Series) Ci....

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....ers. On a review and in partial modification of earlier instructions it has been decided that in respect of the Compounding Orders passed on or after March 01, 2020 a summary information, instead of the Compounding Orders, shall be published on the Bank's website in the following format: Sr. No. Name of the Applicant Details of contraventions (provisions of the Act/Regulation/Rules compounded....