Fema a civil law, RBI alone can compound offences, says ED

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The Enforcement Directorate clarified Fema's role as civil legislation for voluntary compliance. Reserve Bank of India is the competent authority for compounding eligible contraventions. The ED issues a no-objection certificate to the central bank for compounding offenses. RBI recently closed a F...

First seen 3h ago · latest update 3h ago · India · politics

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Fema a civil law, RBI alone can compound offences, says EDTimes of India · 3h ago ↗Owned by: Bennett Coleman & Co / The Times Group (Jain family)

Fema a civil law, RBI alone can compound offences, says ED

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