Tag Archives: Section 13 of the Foreign Exchange Management Act

Sensitization of Authorized Dealers – Directions by the Reserve Bank of India

By Nitesh Tiwari, Associate  The Reserve Bank of India (“RBI”) has been empowered to compound offences defined in Section 13 of the Foreign Exchange Management Act, 1999 (“FEMA”). Compounding of offences under the FEMA refers to the process of voluntarily … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment