Vikas Garg and Company

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At the end of the day, going forward, a new normal that has evolved from generation X is on
the runway heading towards a streamlined cloud solution. .

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PROVIDING QUALITY SERVICES FOR YOU

At the end of the day, going forward, a new normal that has evolved from generation X is on
the runway heading towards a streamlined cloud solution. .

VIEW SERVICES Contact Us
PROVIDING QUALITY SERVICES FOR YOU

At the end of the day, going forward, a new normal that has evolved from generation X is on
the runway heading towards a streamlined cloud solution. .

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FOREIGN EXCHANGE REGULATION ACT, 1973

1	Short title, extent, application and commencement
2	Definitions
3	Classes of officers of Enforcement
4	Appointment and powers of officers of Enforcement
5	Entrustment of functions of Director
6	Authorised dealers in foreign exchange
7	Money-changers
8	Restrictions on dealing in foreign exchange
9	Restrictions on payments
10	Blocked accounts
11	Deleted by Act 29 of 1983
12	Deleted by Act 29 of 1993
13	Restrictions on import and export of certain currency
14	Acquisition by Central Government of foreign exchange
15	Deleted by Act 29 of 1993
16	Duty of persons entitled to receive foreign exchange
17	Deleted by Act 29 of 1993.
18	Payment for exported goods
18A	Payment for lease, hire or other arrangement
19	Regulation of export and transfer of securities
20	Deleted by Act 29 of 1993
21	Deleted by Act 29 of 1993
22	Restrictions on issue of bearer securities
23	Deleted by Act 29 of 1993
24	Restriction on settlement etc.
25	Restriction on holding of immovable property outside India
26	Certain provisions as to guarantee in respect of debt or other obligation
27	Deleted by Act 29 of 1993
28	Restrictions on the appointment of certain persons and companies as agents
29	Restrictions on establishment of place of business in India
30	Prior permission of Reserve Bank required for practising profession, etc. in India by nationals of foreign States
31	Restriction on acquisition, holding, etc., of immovable property in India
32	Deleted by Act 29 of 1993.
33	Power to call for information
34	Power to search suspected persons and to seize documents
35	Power to arrest
36	Power to stop and search conveyances
37	Power to search premises
38	Power to seize documents, etc.
39	Power to examine persons
40	Power to summon persons to give evidence and produce documents
41	Custody of documents, etc.
42	Encashment of cheque, draft, etc.
43	Inspection
44	Prohibition of disclosure of documents or information except in certain cases
45	Power of police officers and other officers to enter, search, etc.
46	Procedure in respect of foreign exchange or any other goods seized by police officers
47	Contracts in evasion of the Act
48	False statements
49	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
50	Penalty
51	Power to adjudicate
52	Appeal to Appellate Board
53	Powers of the adjudicating officer and the Appellate Board to summon witnesses, etc.
54	Appeal to High Court
55	Continuance of proceeding in the event of death or insolvency
56	Offences and prosecutions
57	Penalty for contravention of order made by adjudicating officer, Appellate Board and High Court
58	Vexatious search etc., by officers of Enforcement
59	Presumption of culpable mental state
60	Power to tender immunity from prosecution
61	Cognizance of offences
62	Certain offences to be non-cognizable
63	Confiscation of currency, security, etc.
64	Preparation, attempt, etc.
65	Correction of clerical errors, etc.
66	Application of section 360 of the Code of Criminal Procedure,1973 and of the Probation of Offenders Act, 1958
67	Application of the Customs Act, 1962
68	have effect accordingly..Offences by companies
69	Power of court to publish name, place of business, etc., of companies convicted under the Act
70	Recovery of sums due to Government
71	Burden of proof in certain cases
72	Presumption as to documents in certain cases
73	Supplemental provisions
73A	Penalty for contravention of direction of Reserve Bank or for failure to file returns
74	Delegation
75	Power of Central Government to give directions
76	Factors to be taken into account by the Central Government and the Reserve Bank while giving or granting permissions or licences under the Act
77	Certain officers to assist officers of Enforcement
78	Bar of legal proceedings
79	Power to make rules
80	Power to remove difficulties
81	Repeal and saving

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