10/01/2026
Discover the intricacies of the Reserve Bank of India (RBI) compounding application process in this specialized session, meticulously tailored for legal professionals and compliance officers. Hosted by Digital Events, this immersive workshop equips participants with actionable expertise on navigating FEMA contraventions through the streamlined portal, RBI hearings, and critical post-approval compliance.
OZG Digital Events demystifies online filing via the RBI's PRAVAAH portal, introduced under the Foreign Exchange (Compounding Proceedings) Rules, 2024. Legal experts guide attendees through registration, document uploads—including FIRCs, filings, board resolutions, and contravention memorandums—and fee payments of Rs. 10,000 via NEFT, RTGS, or demand draft. This digital shift from physical submissions enhances efficiency, allowing suo moto applications or responses to RBI notices, with real-time tracking for faster adjudication.
Delve into RBI hearing protocols where compounding authorities scrutinize applications for gravity of contravention, applicant history, and rectification measures. OZG Digital Sessions cover powers to summon records, mandate corrective actions like unwinding transactions, and structured formats for disclosures on violation nature, amounts, and post-breach compliance. Compliance officers gain strategies to address queries, ensuring hearings lead to compounding orders rather than adjudication or prosecution referrals.
Post-approval, participants master penalty payments into updated RBI accounts, ED undertakings to report parallel proceedings, and Form approvals resumption. OZG Digital Events highlights pitfalls like prior filings (e.g., FDI reports) pending compounding, with checklists for record-keeping and audit trails. Attendees leave empowered to implement robust FEMA frameworks, minimizing recurrence through proactive governance.
Apply for the OZGIAN Membership:
Go to ⬆️ membership.ozgian.com
Book your ticket at the link:
Go to ➡ ticket.ozgdigital.com
Option - 1
Ticket @ ₹999/ + ₹192/ OZGiAN Membership Fee.
Option - 2
Ticket @ ₹999/ + ₹9999/ OZGiAN Membership Fee.
