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What is the penalty for contravening the rules and regulations of FEMA 2000 or RBI directions?
  • a)
    Penalty three times the sum involved in contravention
  • b)
    Penalty of up to Rs. 10,000 and Rs. 2,000 per day of contravention
  • c)
    Civil imprisonment of maximum six months
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
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What is the penalty for contravening the rules and regulations of FEMA...
If anyone contravenes the rules and regulations of FEMA 2000 or RBI directions, they will be liable to a penalty three times the sum involved in the contravention. Additionally, if the contravention continues, the person may have to pay up to Rs. 5,000 per day during the time of contravention. In some cases, civil imprisonment of maximum six months can also be imposed.
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What is the penalty for contravening the rules and regulations of FEMA 2000 or RBI directions?a)Penalty three times the sum involved in contraventionb)Penalty of up to Rs. 10,000 and Rs. 2,000 per day of contraventionc)Civil imprisonment of maximum six monthsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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What is the penalty for contravening the rules and regulations of FEMA 2000 or RBI directions?a)Penalty three times the sum involved in contraventionb)Penalty of up to Rs. 10,000 and Rs. 2,000 per day of contraventionc)Civil imprisonment of maximum six monthsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the penalty for contravening the rules and regulations of FEMA 2000 or RBI directions?a)Penalty three times the sum involved in contraventionb)Penalty of up to Rs. 10,000 and Rs. 2,000 per day of contraventionc)Civil imprisonment of maximum six monthsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the penalty for contravening the rules and regulations of FEMA 2000 or RBI directions?a)Penalty three times the sum involved in contraventionb)Penalty of up to Rs. 10,000 and Rs. 2,000 per day of contraventionc)Civil imprisonment of maximum six monthsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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