Compounding of offences under FEMA 1999
COMPOUNDING OF OFFENCES UNDER FEMA, 1999—CHECKLIST & PROCEDURE Contraventions under FEMA The compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 is a voluntary process by which an applicant can seek compounding of an admitted contravention of any provision of FEMA, 1999 under Section 13(1) of the FEMA, 1999 For offenses Foreign Exchange (Compounding …