Tax & Penalty21 Aug 2026, 01:12 pm
CHL Ltd Fined ₹1.55 Cr by RBI for FEMA Contravention
AI Summary
CHL Limited has received a compounding order from the Reserve Bank of India (RBI) imposing a penalty of ₹1,55,70,000 for contravention of FEMA regulations. The company received the order via email on August 20, 2026, for violations related to Regulation 6(2)(vi) and Regulation 6(6)(a) of FEMA 120/RB-2004. The penalty is to be deposited with the RBI within 15 days. CHL Limited has stated that this compounding amount will not have a material impact on its financial, operational, or other activities.
Key Highlights
- CHL Ltd fined ₹1.55 Crore by RBI for FEMA regulation contravention.
- Penalty to be deposited within 15 days of the order dated August 20, 2026.
- Violations pertain to specific FEMA regulations (120/RB-2004).
- No material impact expected on company's financial or operational activities.
Price Impact
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