The Art of Regulatory Compliance: Demystifying RBI’s Compounding Process Under FEMA
In the intricate tapestry of Indian financial regulations, the Reserve Bank of India’s (“RBI”) compounding mechanism stands as a testament to regulatory evolution. This process, designed under the Foreign Exchange Management Act, 1999 (“FEMA”), represents a sophisticated approach to addressing regulatory contraventions while maintaining the delicate balance between enforcement and facilitation. A Symphony of Compliance: […]
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