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Tag: Compounding Application Format

How to File a Compounding Request with the RBI?

Posted on January 17, 2023 by admin

The breach of the Foreign Exchange Management Act, 1999, and the guidelines which might be issued thereunder is taken into consideration as infringement. Compounding refers back to the technique of admitting a violation and in search of redressal as mentioned below in Section thirteen of FEMA, 1999. it additionally applies to sections that aren’t well…

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RBI Compounding Application

How to Submit Compounding Application to RBI?

Posted on November 4, 2022December 21, 2022 by admin

Infringement is defined as the violation of the Foreign Exchange Management Act, 1999 and the rules promulgated thereunder. According to Section 13 of FEMA, 1999, compounding is the process of acknowledging a violation and requesting remedies. It also holds true for parts that conflict with the Reserve Bank. Contravening can be reduced if you acknowledge…

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RBI Compounding Application