Resolve FEMA contraventions voluntarily, before they escalate.
Where a contravention of FEMA has occurred typically a delayed FC-GPR filing, a missed FLA return, an ECB reporting lapse, or an investment made before the inward remittance the matter can be regularised through voluntary compounding under Section 15 of FEMA. The compounding application is filed with the Reserve Bank, the contravention is admitted with explanation, and a compounding order is passed prescribing the penalty.
We assist clients in self-identifying contraventions, computing the likely penalty, preparing and filing the compounding application, representing the client at the personal hearing, and securing the compounding order.
What Bizztricks Management Consulting Private Limited Offers
• FEMA contravention diagnostic identification of past breaches across FDI, ODI, ECB, and reporting obligations
• Compounding application preparation facts, contravention details, mitigating circumstances, and supporting documents
• Filing with the Reserve Bank of India (Compounding Authority Foreign Exchange Department)
• Personal hearing representation and clarification submissions
• Penalty payment and compounding order receipt coordination
• Post-compounding regularisation pending filings, register updates, and audit disclosure
• Preventive review to identify and close compliance gaps before they become contraventions