RBI Updates FEMA Compounding Directions to Align with Newly Notified Compounding Rules
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- By Chetan Kulasri
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- Last Updated on 4 October, 2024
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Master Directions No.17/2024-25, Dated 01-10-2024
Earlier, the Govt. has issued Foreign Exchange (Compounding Proceedings) Rules, 2024. These rules supersede the erstwhile Compounding rules. Therefore, now RBI has issued updated directions/guidelines to align the same with the newly notified rules. Further, the list of circulars that have been superseded has also been provided.
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