New Delhi, Jan 12 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Elsteel Modular India Private Limited, which has resulted in termination of proceedings against the company for alleged contraventions of the law, according to a statement issued by the Enforcement Directorate (ED) on Monday.The order was passed by the RBI on December 12, 2025 after the Directorate of Enforcement (ED) issued a “No …
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