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 …