New Delhi, June 3 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), in the case of Jusda India Supply Chain Management Private Limited with a one-time payment of Rs 12,52,984. This has resulted in the termination of proceedings against the company for compounded contraventions of provisions of FEMA, 1999, according to a statement issued by the Enforcement Directorate (ED) on Wednesday.The order has been pas…
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