FOREIGN EXCHANGE REGULATION ACT, 1973

 

 

 

v      SHORT TITLE, EXTENT, APPLICATION AND COMMENCEMENT.

v      DEFINITIONS.

v      CLASSES OF OFFICERS OF ENFORCEMENT.

v      APPOINTMENT AND POWERS OF OFFICERS OF ENFORCEMENT.

v      ENTRUSTMENT OF FUNCTIONS OF DIRECTOR OR OTHER OFFICER OF ENFORCEMENT.

v      AUTHORISED DEALERS IN FOREIGN EXCHANGE.

v      MONEY-CHANGERS.

v      RESTRICTIONS ON DEALING IN FOREIGN EXCHANGE.

v      RESTRICTIONS ON PAYMENTS.

v      BLOCKED ACCOUNTS.

v      RESTRICTIONS REGARDING ASSETS HELD BY NON-RESIDENTS.

v      SPECIAL ACCOUNTS.

v      RESTRICTIONS ON IMPORT AND EXPORT OF CERTAIN CURRENCY AND BULLION.

v      ACQUISITION BY CENTRAL GOVERNMENT OF FOREIGN EXCHANGE.

v      POWER OF CENTRAL GOVERNMENT TO DIRECT PAYMENT IN FOREIGN CURRENCY IN CERTAIN CASES.

v      DUTY OF PERSONS ENTITLED TO RECEIVE FOREIGN EXCHANGE, ETC.

v      POWER TO REGULATE THE USES, ETC., OF IMPORTED GOLD AND SILVER.

v      PAYMENT FOR EXPORTED GOODS.

v      PAYMENT FOR LEASE, HIRE OR OTHER ARRANGEMENT.

v      REGULATION OF EXPORT AND TRANSFER OF SECURITIES.

v      RESTRICTIONS ON PAYMENT IN RESPECT OF CERTAIN SECURITIES.

v      CUSTODY OF SECURITIES

v      RESTRICTIONS ON ISSUE OF BEARER SECURITIES.

v      ACQUISITION BY CENTRAL GOVERNMENT OF FOREIGN SECURITIES.

v      RESTRICTION ON SETTLEMENT, ETC.

v      RESTRICTION ON HOLDING OF IMMOVABLE PROPERTY OUTSIDE INDIA.

v      CERTAIN PROVISIONS AS TO GUARANTEE IN RESPECT OF DEBT OR OTHER OBLIGATION.

v      RESTRICTIONS ON PERSONS RESIDENT IN INDIA ASSOCIATING THEMSELVES WITH OR PARTICIPATING IN CONCERNS OUTSIDE INDIA.

v      RESTRICTIONS ON THE APPOINTMENT OF CERTAIN PERSONS AND COMPANIES AS AGENTS OR TECHNICAL OR MANAGEMENT ADVISERS IN INDIA.

v      RESTRICTIONS ON ESTABLISHMENT OF PLACE OF BUSINESS IN INDIA.

v      PRIOR PERMISSION OF RESERVE BANK REQUIRED FOR TAKING UP EMPLOYMENT, ETC., IN INDIA BY NATIONALS OF FOREIGN STATES.

v      RESTRICTION ON ACQUISITION, HOLDING, ETC., OF IMMOVABLE PROPERTY IN INDIA.

v      REGULATION OF BOOKING OF PASSAGES OUTSIDE INDIA AND RESTRICTIONS ON FOREIGN TRAVELS.

v      POWER TO CALL FOR INFORMATION.

v      POWER TO SEARCH SUSPECTED PERSONS AND TO SEIZE DOCUMENTS.

v      POWER TO ARREST.

v      POWER TO STOP AND SEARCH CONVEYANCES.

v      POWER TO SEARCH PREMISES.

v      POWER TO SEIZE DOCUMENTS, ETC.

v      POWER TO EXAMINE PERSONS.

v      POWER TO SUMMON PERSONS TO GIVE EVIDENCE AND PRODUCE DOCUMENTS.

v      CUSTODY OF DOCUMENTS, ETC.

v      ENCASHMENT OF CHEQUE, DRAFT, ETC.

v      INSPECTION.

v      PROHIBITION OF DISCLOSURE OF DOCUMENTS OR INFORMATION EXCEPT IN CERTAIN CASES.

v      POWER OF POLICE OFFICERS AND OTHER OFFICERS TO ENTER, SEARCH, ETC.

v      PROCEDURE IN RESPECT OF FOREIGN EXCHANGE OR ANY OTHER GOODS SEIZED BY POLICE OFFICERS.

v      CONTRACTS IN EVASION OF THE ACT.

v      FALSE STATEMENTS.

v      FAILURE TO COMPLY WITH CONDITIONS SUBJECT TO WHICH PERMISSIONS OR LICENCES HAVE BEEN GIVEN OR GRANTED UNDER THE ACT TO BE CONTRAVENTION OF THE PROVISIONS OF THE ACT.

v      PENALTY.

v      POWER TO ADJUDICATE.

v      APPEAL TO APPELLATE BOARD.

v      POWERS OF THE ADJUDICATING OFFICER AND THE APPELLATE BOARD TO SUMMON WITNESSES, ETC.

v      APPEAL TO HIGH COURT.

v      CONTINUANCE OF PROCEEDING IN THE EVENT OF DEATH OR INSOLVENCY.

v      OFFENCES AND PROSECUTIONS.

v      PENALTY FOR CONTRAVENTION OF ORDER MADE BY ADJUDICATING OFFICER, APPELLATE BOARD AND HIGH COURT.

v      VEXATIOUS SEARCH, ETC., BY OFFICERS OF ENFORCEMENT.

v      PRESUMPTION OF CULPABLE MENTAL STATE.

v      POWER TO TENDER IMMUNITY FROM PROSECUTION.

v      COGNIZANCE OF OFFENCES.

v      CERTAIN OFFENCES TO BE NON-COGNIZABLE.

v      CONFISCATION OF CURRENCY, SECURITY, ETC.

v      PREPARATION, ATTEMPT, ETC.

v      CORRECTION OF CLERICAL ERRORS, ETC.

v      APPLICATION OF 2[SECTION 360 OF THE CODE OF CRIMINAL PROCEDURE, 1973 (2 OF 1974)], AND OF THE PROBATION OF OFFENDERS ACT, 1958.

v      APPLICATION OF THE CUSTOMS ACT, 1962.

v      OFFENCES BY COMPANIES.

v      POWER OF COURT TO PUBLISH NAME, PLACE OF BUSINESS, ETC., OF COMPANIES CONVICTED UNDER THE ACT.

v      RECOVERY OF SUMS DUE TO GOVERNMENT.

v      BURDEN OF PROOF IN CERTAIN CASES.

v      PRESUMPTION AS TO DOCUMENTS IN CERTAIN CASES.

v      SUPPLEMENTAL PROVISIONS.

v      PENALTY FOR CONTRAVENTION OF DIRECTION OF RESERVE BANK OR FOR FAILURE TO FILE RETURNS.

v      DELEGATION.

v      POWER OF CENTRAL GOVERNMENT TO GIVE DIRECTIONS.

v      FACTORS TO BE TAKEN INTO ACCOUNT BY THE CENTRAL GOVERNMENT AND THE RESERVE BANK WHILE GIVING OR GRANTING PERMISSIONS OR LICENCES UNDER THE ACT.

v      CERTAIN OFFICERS TO ASSIST OFFICERS OF ENFORCEMENT.

v      BAR OF LEGAL PROCEEDINGS.

v      POWER TO MAKE RULES.

v      POWER TO REMOVE DIFFICULTIES.

v      REPEAL AND SAVING.