Foreign exchange regulation act 1973 bare act pdf

foreign exchange regulation act 1973 bare act pdf

his or its custody till the date of payment: Provided that nothing in this sub-section shall affect the liability of any person, who may receive the whole. Such person shall be deemed to have contravened best way to learn forex for free such provision ; and (b) In a case referred to in clause (ii such other person shall be deemed to have abetted the contravention of such provision. Violation is a civil offence and is compoundable. Section16 - Duty of persons entitled to receive foreign exchange, etc. (4) An authorized dealer shall, in all his dealings in foreign exchange and in the exercise and discharge of the powers and of the functions delegated to him under section 64, comply with such general or special directions or instructions as the Reserve Bank may. For purchase of foreign exchange for most of the current account transaction, with exception of those listed in Schedule III to the Government of India Notification.S.R. Chapter V Adjudication and Appeal (Sec 16- 35).

foreign exchange regulation act 1973 bare act pdf

Act, 1962 Section68. Foreign exchange regulation ACT 1973 in India, bare, acts, Banking and Insurance, Business and Corporate, Constitutional, Consumer Laws, Criminal Law, Energy, Environmental, Family and Inheritance, Heritage and National Importance, Immigration Law, Labor Law, THE. Foreign exchange regulation ACT 1973, national Security, Others, Procedural and Administration. Act may be called the, foreign Exchange Regulation Act, 1973. (2) It extends to the whole of India.

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29, ibid, for "two thousand rupees". Section39 - Power to examine persons. By Act 29 of 1993,.26, for "fifty thousand rupees.e.f. Explanation.-For the purposes of this section- (i) "Company" means anybody corporate and includes a firm or other association of individuals; and (ii) "Director in relation to a firm, means a partner in the firm. Chapter VII- Miscellaneous (Sec 39 49). (7) For the purposes of this section,- (a) "Holder in relation to a bearer security, means the person having physical custody of the security; provided that, where a bearer security is deposited with any person in a locked or sealed receptacle from which the person. (4) On receipt of an application under sub-section (3 the Reserve Bank may after making such inquiry as it deems fit, either allow the application subject to such conditions, if any, as the Reserve Bank may think fit to impose, or reject the application: Provided that. Section -72 Repeal and saving. No person shall, when complying with any direction or order under section 33 or with any requirement under section 43 or when making any application or declaration to any authority or person for any purpose under this Act, give any information or make any statement. It has a strong record of actively encouraging the flow of FDI into the country through speedy and transparent processing of applications, and providing on-line clarification. (1) Without prejudice to any award of penalty by the adjudicating officer under this Act, if any person contravenes any of the provisions of this Act other than section 13, clause (a) of sub-section (1) of 1*section 18, section 18 A, clause (a) of sub-section (1). Or any of the holders rights in respect of the security is controlled shall, except with the general or special permission of the Reserve Bank, do any act, whereby he recognizes or gives effect to the substitution of another person as the person from whom.

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