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| Exchange Received Time 06/08/2018 21:28:53 Exchange Disseminated Time 06/08/2018 21:29:02 Time Taken 00:00:09 | This is in continuation to our earlier letter dated June 26, 2018 wherein we had informed that the Hon'ble Bombay High Court has ruled in favour of the writ petition bearing number 2026/2017 filed by the Company against the Reserve Bank of India ('RBI') and Enforcement Directorate ('ED') and directed the RBI to consider the compounding application(s) of the Company.
In this regard, we wish to inform that the Company has today filed a compounding application with the RBI for compounding of certain contraventions as alleged by ED against the Company under the Foreign Exchange Management Act, 1999 in the Show Cause Notice dated November 13, 2015.
You are requested to take the information on record.
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