Authority: Reserve Bank of India, Foreign Exchange Department, Mumbai (RBI)
Order Type: Compounding Order under Section 15(1) of Foreign Exchange Management Act, 1999 (FEMA)
Order Date: July 6, 2026
Date of Receipt: July 6, 2026
Violation Details
Nature of Contravention: Delay in reporting to RBI the investment made by the Company's subsidiary
Regulation Violated: Regulation 13 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 (FEMA 120/RB 2004)
Financial Impact
Compounding Amount: ₹1,44,000 (Rupees One Lakh Forty Four Thousand only) levied as penalty
Material Impact: The company states the order pertains to procedural/reporting delay and does not have any material impact on financial, operational or other activities of the Company, other than the compounding sum payable to RBI
