{"id":917,"date":"2025-04-24T17:55:00","date_gmt":"2025-04-24T17:55:00","guid":{"rendered":"https:\/\/jbco.co.in\/amendments-to-directions-compounding-of-contraventions-under-fema-1999-2\/"},"modified":"2025-04-24T17:55:00","modified_gmt":"2025-04-24T17:55:00","slug":"amendments-to-directions-compounding-of-contraventions-under-fema-1999-2","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=917","title":{"rendered":"Amendments to Directions &#8211; Compounding of Contraventions under FEMA, 1999"},"content":{"rendered":"<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>RBI\/FED\/2025-26\/32<br \/>  A.P. (DIR Series) Circular. No 04\/2025-26<\/p>\n<p align=\"right\">April 24, 2025<\/p>\n<p>To, <\/p>\n<p>All Authorised Dealer Category-I banks and Authorised banks <\/p>\n<p>Madam \/ Sir, <\/p>\n<p align=\"center\" class=\"head\">Amendments to Directions &#8211; Compounding of Contraventions under FEMA, 1999<\/p>\n<p>Attention of Authorised Dealer (AD) Category &#8211; I banks is invited to <\/p>\n<ol type=\"i\">\n<li>\n<p>Directions for compounding of contraventions under FEMA, 1999, issued vide <a href=\"https:\/\/rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12736&amp;Mode=0\" target=\"_blank\" class=\"links\">A.P. (DIR Series) Circular No. 17\/2024-25 dated October 1, 2024<\/a> and<\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=12839&amp;Mode=0\" target=\"_blank\" class=\"links\">Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025<\/a><\/p>\n<\/li>\n<\/ol>\n<p>2. On a review, it is decided that the following clause shall be inserted as Para 5.4.II.vi in aforementioned Master Directions. <\/p>\n<p><em>\u201cvi. Subject to satisfaction of the compounding authority, based on the nature of contravention, exceptional circumstances\/ facts involved in case, and in wider public interest, the maximum compounding amount imposed may be capped at INR 2,00,000\/- for contravention of each regulation\/ rule (applied in a compounding application) with respect to contraventions under row 5 of the above computation matrix.\u201d<\/em><\/p>\n<p>3. The aforesaid <a href=\"https:\/\/rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=12839&amp;Mode=0\" target=\"_blank\" class=\"links\">Master Directions<\/a> shall accordingly be updated to reflect the above change.<\/p>\n<p>4. All AD Category-I banks and Authorised banks may bring the guidelines contained in this circular to the notice of their constituents.<\/p>\n<p>5. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and\/or without prejudice to permissions\/approval, if any, required under any other law. <\/p>\n<p align=\"right\">Yours faithfully,<\/p>\n<p>      <\/p>\n<p align=\"right\">(Dr. Aditya Gaiha)<br \/>   Chief General Manager in Charge<\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RBI\/FED\/2025-26\/32 A.P. (DIR Series) Circular. No 04\/2025-26 April 24, 2025 To, All Authorised Dealer Category-I banks and Authorised banks Madam \/ Sir, Amendments to Directions &#8211; Compounding of Contraventions under FEMA, 1999 Attention of Authorised Dealer (AD) Category &#8211; I banks is invited to Directions for compounding of contraventions under FEMA, 1999, issued vide A.P. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-917","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=917"}],"version-history":[{"count":0,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/917\/revisions"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}