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FEMA

This query is : Resolved 
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(Querist)
20 March 2009 Hi

Please clarify whether suo moto acceptance of contravention by the contravening party attract any penalty under FEMA?
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Sudhag

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Sudhag (Expert)
05 August 2011 Dear Uthara,

The suo moto acceptance of offence under FEMA will also be liable to penalty in case it is offence requires. However suo moto declaration and acceptance of offence is always better.
For further information please be free to mail me at sudhag999@gmail.com

Regards,
Sudha G. Bhushan
sudhag999@gmail.com
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