law: Foreign Exchange Management Act, 1999 
  15. Power to compound contravention 
  (1) Any contravention under section 13 may, on an application
  
  made by the person committing such contravention, be compounded within one
  
  hundred and eighty days from the date of receipt of application by the Director
  
  of Enforcement or such other officers of the Directorate of Enforcement and
  
  officers of the Reserve Bank as may be authorized in this behalf by the Central
  
  Government in such manner as may be prescribed.
  (2) Where a contravention has been compounded under sub-section
  
  (1), no proceeding or further proceeding, as the case may be, shall be
  
  initiated or continued, as the case may be, against the person committing such
  
  contravention under that section, in respect of the contravention so
  
  compounded.