Product
Pricing
Security
FAQ
Sign in
Start free trial
Law
/
Foreign Exchange Management Act, 1999
Foreign Exchange Management Act, 1999
50 sections published.
1
Short title, extent, application and commencement
2
Definitions
3
Dealing in foreign exchange, etc
4
Holding of foreign exchange, etc
5
Current account transactions
6
Capital account transactions
7
Export of goods and services
8
Realisation and repatriation of foreign exchange
9
Exemption from realisation and repatriation in certain cases
10
Authorised person
11
Reserve Banks powers to issue directions to authorised person
12
Power of Reserve Bank to inspect authorised person
13
Penalties
14
Enforcement of the orders of Adjudicating Authority
15
Power to compound contravention
16
Appointment of Adjudicating Authority
17
Appeal to Special Director (Appeals)
18
Establishment of Appellate Tribunal
19
Appeal to Appellate Tribunal
20
Composition of Appellate Tribunal
21
Qualifications for appointment of Chairperson, Member and Special Director (Appeals)
22
Term of office
23
Terms and conditions of service
24
Vacancies
25
Resignation and removal
26
Member to act as Chairperson in certain circumstances
27
Staff of Appellate Tribunal and Special Director (Appeals)
28
Procedure and powers of Appellate Tribunal and Special Director (Appeals)
29
Distribution of business amongst Benches
30
Power of Chairperson to transfer cases
31
Decision to be by majority
32
Right of appellant to take assistance of legal practitioner or chartered accountant and of Government, to appoint presenting officers
33
Members, etc., to be public servants
34
Civil Court not to have jurisdiction
35
Appeal to High Court
36
Directorate of Enforcement
37
Power of search, seizure, etc
38
Empowering other officers
39
Presumption as to documents in certain cases
40
Suspension of operation of this Act
41
Power of Central Government to give directions
42
Contravention by companies
43
Death or insolvency in certain cases
44
Bar of legal proceedings
44A
[ Powers of Reserve Bank not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 ( 50 of 2019 ).]
45
Removal of difficulties
46
Power to make rules
47
Power to make regulations
48
Rules and regulations to be laid before Parliament
49
Repeal and saving
