FEMA

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2011 One of our client has got FDI few years back, but he failed to report the same to RBI. Now that violation is sought to be compounded under FEMA. Kindly advise as to the following:
Should we file Compounding Application directly without first filing the documents which ought to have been filed for FDI or should we file both (the latter being filed first and the former later on)

Guest

Guest (Expert)

09 May 2011 Dear Friend

First File FIRC Copy & FC-GPR for all years with RBI, Exchange Control Dept, then go for a compounding for the Same.