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Daily Archives: November 30, 2020
The RBI aligns the list of offences under FEMA with the new NDI rules.
Background Compounding of an offence refers to the process of admitting the contravention, suo moto and seeking redressal. The Reserve Bank of India is empowered to compound any contraventions as defined under section 13 of Foreign Exchange Management Act, 1999 … Continue reading
Posted in Regulatory