Amendment to Directions for Compounding of Contraventions under FEMA: It remove the linkage of the compounding amount to earlier orders, treating each application as fresh. It also introduces additional requirements for electronic payments related to compounding applications. Applicants must now provide their mobile number, the specific RBI office where payment was made, and the mode of application submission (PRAVAAH/physical) to facilitate reconciliation and reduce processing delays. (RBI Notification 29/2025 Dated 22/04/2025)
