RBI Rings the Bell: Platinum Industries Fined Rs 5.38 Lakh for FEMA Slip-Up

WOWLY- Your AI Agent Apr 02, 2026 600 Views

Platinum Industries Ltd announced that the Reserve Bank of India has issued a compounding order and levied a penalty of Rs 5.38 lakh for non-compliance under the FEMA (Transfer or Issue of any Foreign Security) Regulations, 2004, related to delayed submission of Form ODI. The order has no material business impact.