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MB0051-Unit-11-The Foreign Exchange Management Act, 1999

MB0051-Unit-11-The Foreign Exchange Management Act, 1999

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Published by: Sensorica Evanescere on Sep 19, 2011
Copyright:Attribution Non-commercial

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04/15/2012

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Unit-11-The Foreign Exchange Management Act, 1999
 
Structure:
 11.1 IntroductionObjectives11.2 Definition under the Act11.3 Provisions Relating to an Authorised PersonAuthorised personDuties of an authorised personPowers of the authorised person
Bank’s powers to issue directions to authorised persons (Sec.11)
 11.4 Regulation and Management of Foreign ExchangeDealings in foreign exchange etc. (Sec. 3)Holding of foreign exchange etc.Current account transactionsRegulation of capital account transactionsExport of goods and services11.5 Contravention and Penalties [Secs.13 to 15]PenaltiesEnforcement of the orders of adjudicating authorityPower to compound contraventions11.6 Adjudication and Appeal [Secs.16-35]Appointment of adjudicating authorityAppeal to special director (appeals)Establishment of appellate tribunalPowers of appellate tribunal and special director (appeals)

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