{"id":585,"date":"2022-04-23T12:14:34","date_gmt":"2022-04-23T12:14:34","guid":{"rendered":"https:\/\/udyogmentor.com\/?p=585"},"modified":"2022-04-23T12:14:34","modified_gmt":"2022-04-23T12:14:34","slug":"compounding-order","status":"publish","type":"post","link":"https:\/\/udyogmentor.com\/community\/compounding-order\/","title":{"rendered":"COMPOUNDING ORDER"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Reserve Bank of India<\/strong><br \/>\nForeign Exchange Department<br \/>\nMumbai Regional Office<br \/>\nMain Building, 3rd floor<br \/>\nShahid Bhagat Singh Marg, Fort<br \/>\nMumbai 400 001<br \/>\nCA No. MUM 1003\/2019<\/p>\n<p style=\"text-align: left;\">\nIn the matter of<br \/>\nUASC Services (India) Private Limited<br \/>\n403 &amp; 404, Satellite Gazebo<br \/>\nA Wing, 4th Floor, Hargovindji Marg, Andheri (East)<br \/>\nMumbai &#8211; 400093<br \/>\n(Applicant)<br \/>\nIn exercise of the powers conferred under section 15(1) of the Foreign Exchange Management Act, 1999 and the Regulations\/Rules\/Notifications\/Orders made thereunder, I pass the following Order<br \/>\n1 The applicant has filed the compounding application dated October 22, 2019, received at the Reserve Bank on November 19, 2019, for compounding of contravention\/s of the provisions of the Foreign Exchange Management Act, 1999 (the FEMA) and the regulations issued thereunder. The contravention\/s sought to be compounded are in respect of the following Regulations\/ paras under Schedule 1 to Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified vide Notification No. FEMA 20\/2000-RB dated May 3, 2000 as amended from time to time (hereinafter referred to as FEMA 20) and Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2017, notified vide Notification No FEMA 20R\/2017 RB dated November 07,\u00a0 2017, as amended from time to time (hereinafter referred to as FEMA 20R):<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India Foreign Exchange Department Mumbai Regional Office Main Building, 3rd floor Shahid Bhagat Singh Marg, Fort Mumbai 400 001 CA No. MUM 1003\/2019 In the matter of UASC Services (India) Private Limited 403 &amp; 404, Satellite Gazebo A Wing, 4th Floor, Hargovindji Marg, Andheri (East) Mumbai &#8211; 400093 (Applicant) In exercise of&hellip; <\/p>\n<div class=\"read-more\"><a class=\"more-link\" href=\"https:\/\/udyogmentor.com\/community\/compounding-order\/\">Read More <span class=\"screen-reader-text\">COMPOUNDING ORDER<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,63],"tags":[],"class_list":["post-585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-order-rbi","category-rbi","entry"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts\/585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/comments?post=585"}],"version-history":[{"count":0,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts\/585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/media\/586"}],"wp:attachment":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/media?parent=585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/categories?post=585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/tags?post=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}