Start learning →

Once a contravention is compounded under s.15(2), further proceedings for it are

AReferred to the Tribunal
BBarred from continuing
CStayed for a year
DStarted afresh later
Answer & Solution
Correct answer: B. Barred from continuing
Section 15(2) provides that no proceeding or further proceeding shall be initiated or continued for a compounded contravention.
Practise this question with Quill — CA Final →

Keep practising Foreign Exchange Management Act 1999

Browse all Foreign Exchange Management Act 1999 questions for CA Final, or explore more Law topics.

Start a Foreign Exchange Management Act 1999 lesson →
Related questions