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FEMA - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Foreign Exchange Management Act, 1999 (FEMA)-Compounding of ...


FEMA 1999: Streamlined Compounding Process for Foreign Exchange Violations Promotes Compliance and Reduces Penalties.

August 1, 2012

Circulars     FEMA

Foreign Exchange Management Act, 1999 (FEMA)-Compounding of Contraventions under FEMA, 1999 - Circular

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  1. The RBI circular dated May 21, 2024, addresses the issuance of partly paid units to non-residents by investment vehicles as per the Foreign Exchange Management (Non-debt...

  2. Reporting under Foreign Exchange Management Act, 1999 (FEMA) - Circular

  3. RBI issued amendments to FEMA compounding directions, introducing a new provision capping the maximum compounding amount at INR 200,000 per contravention for specific...

  4. An offence under FEMA does not automatically result in invocation of provisions of customs Act. Thus the Act of buying and selling of foreign exchange in violation of...

  5. The AT set aside penalties of Rs.4,00,000/- and Rs.6,00,000/- imposed on the appellant under FEMA. Despite allegations that the appellant assisted in preparing forged...

  6. RBI amended FEMA compounding guidelines, modifying key procedural aspects for contravention applications. The amendment eliminates linking of compounding amounts to...

  7. FEMA (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2012 - Amendment in Schedule II - Notification

  8. The RBI issued Master Directions on Compounding of Contraventions under FEMA, 1999, effective April 24, 2025. Key highlights include: Compounding Process: Entities can...

  9. The RBI issued amendments to the Master Direction on Risk Management and Inter-Bank Dealings, applicable to Standalone Primary Dealers (SPDs) u/s 10(1) of FEMA, 1999....

  10. Compounding of Contraventions under FEMA, 1999 - Cir. No. 57 Dated: December 13, 2011

  11. Master Direction – Reporting under Foreign Exchange Management Act, 1999 - Master Direction

  12. Master Circular on Compounding of Contraventions under FEMA, 1999. - Cir. No. 08 Dated: January 20, 2012

  13. The Reserve Bank of India (RBI) issued Circular No. 01/2024-25 allowing resident entities to hedge gold price risk in overseas markets using OTC derivatives in addition...

  14. This document provides guidance on compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999. It outlines the process, eligibility criteria,...

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