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TypeBare Act JurisdictionCentral Government

Foreign Exchange Management Act, 1999 Section 15

Power to Compound Contravention

~1 min read
https://sooperkanoon.com/act/1849

Bare act section · Research

About this section

Foreign Exchange Management Act, 1999 Section 15 is part of Foreign Exchange Management Act, 1999 - Power to Compound Contravention. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) Any contravention under section 13 may, on an application made by the person committing such contravention, be compounded within one hundred and eighty days from the date of receipt of application by the Director of Enforcement or such other officers of the Directorate of Enforcement and officers of the Reserve Bank as may be authorised in this behalf by the Central Government in such manner as may be prescribed.

(2) Where a contravention has been compounded under sub-section (1) no proceeding or further proceeding, as the case may be, shall be initiated or continued, as the case may be, against the person committing such contravention under that section, in respect of the contravention so compounded.

Frequently asked questions

What does Foreign Exchange Management Act, 1999 Section 15 provide?

Section Section 15 of the Foreign Exchange Management Act, 1999 (Power to Compound Contravention) is reproduced on this page as part of the Foreign Exchange Management Act, 1999. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Foreign Exchange Management Act, 1999 Section 15?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Foreign Exchange Management Act, 1999 Section 15. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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