{"id":788,"date":"2015-12-17T10:44:21","date_gmt":"2015-12-17T05:14:21","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=788"},"modified":"2022-01-19T11:47:56","modified_gmt":"2022-01-19T06:17:56","slug":"compounding-of-offences-under-fema-1999-checklist-procedure","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/","title":{"rendered":"Compounding of offences under FEMA, 1999"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e9b1cb04d45\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e9b1cb04d45\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#COMPOUNDING_OF_OFFENCES_UNDER_FEMA_1999_%E2%80%93_CHECKLIST_PROCEDURE\" title=\"COMPOUNDING OF OFFENCES UNDER FEMA, 1999 &#8211; CHECKLIST &amp; PROCEDURE\">COMPOUNDING OF OFFENCES UNDER FEMA, 1999 &#8211; CHECKLIST &amp; PROCEDURE<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#Contraventions_under_FEMA\" title=\"Contraventions under FEMA\">Contraventions under FEMA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#CONSEQUENCES_OF_NON-COMPLIANCE_OF_FEMA_PROVISIONS\" title=\"CONSEQUENCES OF NON-COMPLIANCE OF FEMA PROVISIONS: \">CONSEQUENCES OF NON-COMPLIANCE OF FEMA PROVISIONS: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#Further_section_13_2_of_FEMA_1999_provides_for_the_following\" title=\"Further section 13 (2) of FEMA, 1999 provides for the following:\">Further section 13 (2) of FEMA, 1999 provides for the following:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#REMEDY_FOR_NON-COMPLIANCE_COMPOUNDING\" title=\"REMEDY FOR NON-COMPLIANCE\/ COMPOUNDING:\">REMEDY FOR NON-COMPLIANCE\/ COMPOUNDING:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#COMPOUNDING_PROCESS_UNDER_FEMA\" title=\"COMPOUNDING PROCESS UNDER FEMA\">COMPOUNDING PROCESS UNDER FEMA<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#i_Obtaining_requisite_approvals_and_compliances\" title=\"(i)\u00a0\u00a0Obtaining requisite approvals and compliances: \">(i)\u00a0\u00a0Obtaining requisite approvals and compliances: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#ii_Filing_of_application_along_with_requisite_documents\" title=\"(ii)\u00a0\u00a0Filing of application along with requisite documents: \">(ii)\u00a0\u00a0Filing of application along with requisite documents: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#iii_Submission_of_application\" title=\"(iii)\u00a0\u00a0Submission of application: \">(iii)\u00a0\u00a0Submission of application: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#v_Compounding_Order\" title=\"(v) Compounding Order: \">(v) Compounding Order: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#vi_Post-compounding_Procedure\" title=\"(vi)\u00a0Post-compounding Procedure: \">(vi)\u00a0Post-compounding Procedure: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#vii_Compounding_Certificate\" title=\"(vii) Compounding Certificate:\">(vii) Compounding Certificate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/compounding-of-offences-under-fema-1999-checklist-procedure\/#viii_Time_Frame\" title=\"(viii)\u00a0\u00a0Time Frame:\">(viii)\u00a0\u00a0Time Frame:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: justify;\"><\/h1>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled3.png\" rel=\"attachment wp-att-1712\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1712\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled3-300x146.png\" alt=\"Untitled3\" width=\"852\" height=\"416\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled3-300x146.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled3.png 606w\" sizes=\"(max-width: 852px) 100vw, 852px\" \/><\/a><\/p>\n<h1 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"COMPOUNDING_OF_OFFENCES_UNDER_FEMA_1999_%E2%80%93_CHECKLIST_PROCEDURE\"><\/span><span style=\"color: #000080;\"><strong>COMPOUNDING OF OFFENCES UNDER FEMA, 1999 &#8211; CHECKLIST &amp; PROCEDURE<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"Contraventions_under_FEMA\"><\/span>Contraventions under F<a href=\"https:\/\/carajput.com\/fema.php\">EMA<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The compounding of contraventions under <a href=\"https:\/\/www.caindelhiindia.com\/blog\/basic-about-non-resident-indians-under-fema-and-income-tax\/\">Foreign Exchange Manageme<\/a>n<a href=\"https:\/\/carajput.com\/fema.php\">t Act (<\/a>F<a href=\"https:\/\/carajput.com\/fema.php\">EMA)<\/a>, 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<\/p>\n<p style=\"text-align: justify;\">For offenses Foreign Exchange (Compounding Proceedings) Rules, 2000 have been framed and published by the Government of India empowering the <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">Reserve Bank<\/a> to compound contraventions under FEMA, 1999.<\/p>\n<p style=\"text-align: justify;\">The provisions of Section 15 of FEMA, 1999 permit the compounding of contraventions and empower the Compounding Authority to compound any contravention as defined under Section 13 of the Act on an application made by the person committing such contravention either before or after the institution of adjudication proceedings.<\/p>\n<p style=\"text-align: justify;\">The Government of India has, in consultation with the Reserve Bank placed the responsibility of administering compounding of contraventions with the Reserve Bank, except contraventions under Section 3(a) of FEMA, 1999.<\/p>\n<p style=\"text-align: justify;\">Accordingly, the procedure for compounding of contraventions under FEMA, 1999 has been framed with a view to providing comfort to the citizens and corporate community by minimizing transaction costs, while taking a severe view of willful, malafide, and fraudulent transactions.<\/p>\n<p><em><strong>For more reading: <a href=\"https:\/\/carajput.com\/blog\/legal-documents-required-for-running-business\/\">Legal documents required for running Business<\/a><\/strong><\/em><\/p>\n<p><em><strong>Also read mor<\/strong><strong>e<\/strong><strong>: <a href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/\">Advantages and know details\u00a0 about Startup India Scheme<\/a><\/strong><\/em><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CONSEQUENCES_OF_NON-COMPLIANCE_OF_FEMA_PROVISIONS\"><\/span><span style=\"color: #008000;\"><strong><span style=\"color: #993300;\">CONSEQUENCES OF NON-COMPLIANCE OF FEMA PROVISIONS<\/span>: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Non-compliance of FEMA provisions and rules and regulations made thereunder would attract penal consequences<strong><span style=\"text-decoration: underline;\">.<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">As per section 13(1), Chapter IV of <a href=\"https:\/\/carajput.com\/fema.php\">FEMA, 1999<\/a>, If any person contravenes any provision of FEMA, 1999, or contravenes any rule, regulation, notification, direction or order issued in exercise of the powers under this Act, or contravenes any condition subject to which an authorization is issued by the Reserve Bank.<\/p>\n<p style=\"text-align: justify;\">He shall upon adjudication, be liable to a penalty up to thrice the sum involved in such contravention where the amount is quantifiable or up to Rupees Two lakh, where the amount is not quantifiable and where the contravention is a continuing one, a further penalty which may extend to Rupees Five thousand for every day after the first day during which the contravention continues.<\/p>\n<p style=\"text-align: justify;\">The provision for the penalty has been provided under Section 13(1) of FEMA, 1999 which is reiterated below:<\/p>\n<p style=\"text-align: justify;\">\u201cIf any person contravenes any provision of FEMA, 1999, or contravenes any rule, regulation, notification, direction or order issued in exercise of the powers under this Act, or contravenes any condition subject to which an authorization is issued by the Reserve Bank.<\/p>\n<p style=\"text-align: justify;\">He shall upon adjudication, be liable to a penalty up to thrice the sum involved in such contravention where the amount is quantifiable or up to Rupees two lakh, where the amount is not quantifiable and where the contravention is a continuing one, the further penalty which may extend to Rupees five thousand for every day after the first day during which the contravention continues\u201d.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Further_section_13_2_of_FEMA_1999_provides_for_the_following\"><\/span><span style=\"color: #993300;\"><strong>Further section 13 (2) of <a href=\"https:\/\/carajput.com\/fema.php\">FEMA, 1999<\/a> provides for the following:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">\u201cAny Adjudicating Authority adjudging any contravention under subsection (1), may if he thinks fit in addition to any penalty which he may impose for such contravention direct that any currency, security or any other money or property in respect of which the contravention has taken place shall be confiscated to the Central Government and further direct that the foreign exchange holdings if any of the persons committing the contraventions or any part thereof, shall be brought back into India or shall be retained outside India in accordance with the directions made in this behalf\u201d<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"REMEDY_FOR_NON-COMPLIANCE_COMPOUNDING\"><\/span><span style=\"color: #993300;\"><strong>REMEDY FOR NON-COMPLIANCE\/ COMPOUNDING:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The contraventions of any provision of Foreign Exchange Management Act (FEMA), 1999 under Section 13 of FEMA, 1999 can be compounded under Section 15 of the FEMA, 1999 and in the manner as provided in Foreign Exchange (Compounding Proceedings) Rules, 2000.<\/p>\n<p style=\"text-align: justify;\">Master Circular on Compounding of Contraventions under FEMA, 1999 issued by the RBI from time to time. The compounding of contraventions under the 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.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"COMPOUNDING_PROCESS_UNDER_FEMA\"><\/span><span style=\"color: #008000;\"><strong><span style=\"text-decoration: underline;\">COMPOUNDING PROCESS UNDER FEMA<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"i_Obtaining_requisite_approvals_and_compliances\"><\/span><span style=\"color: #993300;\"><strong>(i)\u00a0\u00a0Obtaining requisite approvals and compliances: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">At the outset, all requisite approvals should be obtained and all compliances should be made before seeking compounding of contravention under FEMA, 1999.<\/p>\n<p style=\"text-align: justify;\">Compounding can be done only after rectifying the records by way of obtaining post-facto approvals or unwinding the transactions in cases where such transactions are not permissible under FEMA, 1999.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"ii_Filing_of_application_along_with_requisite_documents\"><\/span><span style=\"color: #993300;\"><strong>(ii)\u00a0\u00a0Filing of application along with requisite documents: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">A duly completed application, in duplicate, for compounding of a contravention under FEMA, 1999 may be submitted to the Compounding Authority (CA) on being advised of a contravention under FEMA, 1999, either through a memorandum or suo moto on being made or on becoming aware of the contravention.<\/p>\n<p style=\"text-align: justify;\">The format \u201cForm\u201d of the application is appended to the Foreign Exchange (Compounding Proceedings) Rules, 2000 (Annexure-I) along with a demand draft of Rs.5000\/-\u00a0 towards the application fee in favor of \u201cReserve Bank of India\u201d.<\/p>\n<p style=\"text-align: justify;\">Payable at the center where the application shall be processed\/was processed and the compounding order was issued.<\/p>\n<p style=\"text-align: justify;\">Further, the applicant must indicate the following information about the authorized person of the entity who would be handling the complete process of the compounding:<\/p>\n<ol style=\"text-align: justify;\">\n<li>Name and Designation of the authorized<\/li>\n<li>the person for the contravener<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li>Telephone\/Fax\/Email of the authorized person<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"iii_Submission_of_application\"><\/span><span style=\"color: #993300;\"><strong>(iii)\u00a0\u00a0Submission of application<\/strong>: <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">The application may be submitted may be submitted to the Chief General Manager, CEFA, Reserve Bank of India, 5th floor, Amar Building, Sir P.M. Road, Mumbai 400 001<\/p>\n<p style=\"text-align: justify;\">Can be sent to the Compounding Authority, [Cell for Effective implementation of FEMA (CEFA)], Foreign Exchange Department, 3rd floor, Amar Building, Sir P.M. Road, Fort, Mumbai- 400001 or as advised in the memorandum issued by the office of the Reserve Bank.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #993300;\"><strong>(iv)<\/strong>\u00a0\u00a0<strong>Examination of the application:<br \/>\n<\/strong><\/span>The Reserve Bank makes a scrutiny of the application and will examine and decide if the contravention is technical, material or sensitive in nature.<\/p>\n<p style=\"text-align: justify;\">If technical, the applicant will be issued cautionary advice. If the contravention is material, it will be compounded by imposing a penalty after giving an opportunity to the contravener to appear before the compounding authority for a personal hearing.<\/p>\n<p style=\"text-align: justify;\">If the contravention is sensitive in nature requiring further investigations, the same would be referred to the Directorate of Enforcement (DoE) for further investigation\/ action.<\/p>\n<p style=\"text-align: justify;\">After getting the hearing notice, the contravener or any authorized person on his behalf may appear before the compounding authority to make his submissions.<\/p>\n<p style=\"text-align: justify;\">However, it is not mandatory to attend the personal hearing.\u00a0 In case of any difficulty, the applicant may give in writing to the Compounding Authority, his consent to proceed with the disposal of the application based on the documents submitted with the application expressing his inability to appear in person.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"v_Compounding_Order\"><\/span><span style=\"color: #008000;\"><strong><span style=\"color: #993300;\">(v) Compounding Order:<\/span> <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">The Compounding Authority may pass an order indicating details of the contravention and the provisions of FEMA, 1999 that have been contravened.<\/p>\n<p style=\"text-align: justify;\">The sum payable for compounding the contravention is indicated in the compounding order. The contravention is compounded by payment of the penalty imposed.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"vi_Post-compounding_Procedure\"><\/span><span style=\"color: #008000;\"><span style=\"color: #993300;\"><strong>(vi)<\/strong>\u00a0<\/span><strong><span style=\"color: #993300;\">Post-compounding Procedure:<\/span> <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">The amount should be paid within 15 days from the date of the order by way of a demand draft drawn on &#8220;Reserve Bank of India&#8221; and payable at Mumbai.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"vii_Compounding_Certificate\"><\/span><span style=\"color: #993300;\"><strong>(vii) Compounding Certificate:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">On realization of the sum for which contravention is compounded, a certificate shall be issued by the Reserve Bank indicating that the applicant has complied with the order passed by the Compounding Authority.<\/p>\n<p style=\"text-align: justify;\">Non-payment of the amount indicated in the compounding order within 15 days of the order, it will be treated as if the applicant has not made any compounding application to the Reserve Bank, and the other provisions of <a href=\"https:\/\/carajput.com\/fema.php\">FEMA, 1999<\/a> regarding contraventions will apply.<\/p>\n<p style=\"text-align: justify;\">Such cases will be referred to the Directorate of Enforcement for necessary action.<\/p>\n<p style=\"text-align: justify;\">Once a contravention has been compounded, no proceeding or further proceeding, as the case may be, can be initiated or continued, as the case may be, against the person committing such contravention under that section, in respect of the contravention compounded.<\/p>\n<p style=\"text-align: justify;\">As compounding is based on voluntary admissions and disclosures, there cannot be an appeal against the order of the Compounding Authority.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"viii_Time_Frame\"><\/span><span style=\"color: #008000;\"><strong><span style=\"color: #993300;\">(viii)\u00a0\u00a0Time Frame:<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">This process is normally completed within 180 days from the date of receipt of the application complete in all aspects, by the Reserve Bank.<\/p>\n<p><b>Compounding of Contraventions under the FEMA, 1999 in India. M<\/b>ost of the contraventions under FEMA, 1999 except sensitive or serious can be compounded without levying a maximum penalty @300%.<\/p>\n<p>However, the Director of Enforcement <b>(DOE)<\/b> is permitted to initiate persecution where <b>imprisonment<\/b> of a maximum of <b>7<\/b> years can be imposed against sensitive or serious contravention.<\/p>\n<p style=\"text-align: justify;\">For query or help, contact: <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0or call at 9555555480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COMPOUNDING OF OFFENCES UNDER FEMA, 1999 &#8211; CHECKLIST &amp; 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 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,43,11],"tags":[3891,3649,7],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/788"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=788"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/788\/revisions"}],"predecessor-version":[{"id":845,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/788\/revisions\/845"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}