BareLaws

The Foreign Exchange Management Act, 1999

Act No. 42
29-Dec-1999

1. Short title, extent, application and commencement.

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 Bank’s powers to issue directions to authorised person.

12. Power of Reserve Bank to inspect authoris ed person.

14. Enforcement of the orders of Adjudicating Authority.

14A. Power of recover arrears of penalty.

15. Power to compound contravention.