Compounding of contraventions under FEMA by RBI
FEMA’s Compounding of Offenses Procedure What is Compounding of contraventions under FEMA ? The Foreign Exchange Management Act, 1999 (FEMA) is an act passed by the Indian Parliament to consolidate and amend foreign exchange laws with the goal of facilitating external trade, payments, promoting orderly development & maintenance of India’s foreign exchange market. A violation …