RBI compounds bonus-share registration violation for Rs 3.59 crore
MOTHERSON · price
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RBI compounded the company's contravention involving failure to submit and register bonus shares allotted on September 10, 2007 to non-resident or foreign shareholders under FEMA rules. The company applied for compounding and paid a fee of Rs 35,93,334. The order was received on October 27, 2026, with no material financial or operational impact.
The one-time fee is immaterial, with no material effect on operations or financials. The disclosure highlights a historical compliance lapse.