Legaljini
account sourcing in mumbai

Compounding Of Offences

In FEMA

Companies which have defaulted compliances related to FDI / FEMA under automatic route for submission of Intimation within 30 days and / or Filing of proper FC-GPR within 30 days of allotment of shares, is allowed to compound offence by appropriate application to Reserve Bank of India with documents and reason to justify such defaults. Such compounding is to avoid heavy penalties /prosecution against Company and Management of the Company. Reserve Bank of India on merit of each case may do compounding with conditions and penalties / fines.

Legaljini team of experienced company secretaries and lawyers can advise and assist you for such compounding process where it is applicable.