Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
RBI issues Directions for Compounding of Contraventions under FEMA
Corporate ComplianceRBI
The Reserve Bank of India (RBI) issued directions for the compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999. The updated guidelines simplify the compounding process and provide revised procedures and penalty structures. These directions are aimed at facilitating operational convenience for authorized dealer banks and ensuring compliance with FEMA regulations.
