Reserve Bank of India

26.05.2016

FEMA

RBI to make FEMA compounding orders public

MANU/APDR/0037/2016

The Reserve Bank of India will provide information on compounding orders passed after 1 June 2016.

The step, seen as a further shaming tactic, reflects the serious nature of “wilful, malafide and fraudulent transactions”. Under the Foreign Exchange )Compounding Proceedings) Rules 2000, the Bank is empowered with compounding penalties for certain FEMA contraventions.

Tags : fema compounding rbi order

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