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…
Tag: RBI compounding application
How to Submit Compounding Application to RBI?
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…