Case Study on FEMA - RBI slapped Rs 125 Crore on Reliance Infrastructure

The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company.

source https://www.caclubindia.com/articles/case-study-on-fema-rbi-slapped-rs-125-crore-on-reliance-infrastructure-49257.asp