RBI Updates Compounding Norms Under FEMA; Caps Compounding Amount at Rs. 2 Lakhs for ‘Non-Reporting Contraventions’
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- By Chetan Kulasri
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- Last Updated on 27 April, 2025
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Circular No. RBI/FED/2025-26/32 A.P. (DIR Series) Circular. No 04/ 2025-26, Dated 24.04.2025
RBI has amended the Directions on ‘Compounding of Contraventions under FEMA, 1999’, adding a new clause. The amendment allows the compounding authority to cap the maximum compounding amount at INR 2,00,000 for each contravention in an application, specifically for contraventions under row 5, which covers all other non-reporting contraventions, in the computation matrix.
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