In force
The Foreign Exchange Management Act, 1999
31 sections · As amended up to 2026-08
Sections
- I — PRELIMINARY
- 1Short title, extent, application and commencement
- 2Definitions
- II — REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE
- 5Current account transactions
- 6Capital account transactions
- 7Export of goods and services
- III — AUTHORISED PERSON
- 10Authorised person
- 11Reserve Bank's powers to issue directions to authorised person
- 12Power of Reserve Bank to inspect authorised person
- IV — CONTRAVENTION AND PENALTIES
- 13Penalties
- 14Enforcement of the orders of Adjudicating Authority
- 15Power to compound contravention
- V — ADJUDICATION AND APPEAL
- 16Appointment of Adjudicating Authority
- 17Appeal to Special Director (Appeals)
- 18Appellate Tribunal
- 19Appeal to Appellate Tribunal
- 20[Composition of Appellate Tribunal.]
- 22[Term of office.]
- 23Terms and Condition of service of Special Director of (Appeals)
- 27Staff of Special Director (Appeal)
- 28Procedure and powers of Appellate Tribunal and Special Director (Appeals)
- 32Right of appellant to take assistance of legal practitioner or chartered accountant and of Governmen
- VI — DIRECTORATE OF ENFORCEMENT
- 36Directorate of Enforcement
- 37Power of search, seizure, etc
- 38Empowering other officers
- VII — MISCELLANEOUS
- 40Suspension of operation of this Act
- 42Contravention by companies
- 45Removal of difficulties
- 46Power to make rules
- 47Power to make regulations
- 48Rules and regulations to be laid before Parliament
- 49Repeal and saving