RBI FEMA penalties apply when foreign exchange transactions violate FEMA provisions. Penalties can be up to three times the amount involved, with additional enforcement actions by the ED. RBI allows compounding of FEMA offenses to settle violations without litigation. Understanding penalty triggers and corrective steps helps businesses minimize financial and reputational risks.
In today’s connected economy, money moves faster across borders than ever before. As a result, regulatory compliance has become a critical responsibility for individuals, businesses, startups, and NRIs. The Reserve Bank of India (RBI) plays a central role in regulating…
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