The Foreign Exchange Management Act, 1999

Central Act · Act 42 of 199945 provisions31 citing judgments

The enactment

Full text, provision by provision

Every provision below opens in full, free and without an account.

• Section 1 Short title, extent, application and commencement.
• Section 2 Definitions.1 citing judgment
• Section 3 Dealing in foreign exchange, etc.6 citing judgments
• Section 4 Holding of foreign exchange, etc.1 citing judgment
• Section 5 Current account transactions.1 citing judgment
• Section 6 Capital account transactions.2 citing judgments
• Section 7 Export of goods and services.
• Section 8 Realisation and repatriation of foreign exchange.
• Section 9 Exemption from realisation and repatriation in certain cases.
• Section 10 Authorised person.1 citing judgment
• Section 11 Reserve Bank's powers to issue directions to authorised person.1 citing judgment
• Section 12 Power of Reserve Bank to inspect authorised person.
• Section 13 Penalties.2 citing judgments
• Section 14 Enforcement of the orders of Adjudicating Authority.1 citing judgment
• Section 14A Power of recover arrears of penalty.
• Section 15 Power to compound contravention.
• Section 16 Appointment of Adjudicating Authority.1 citing judgment
• Section 17 Appeal to Special Director (Appeals).
• Section 18 Appellate Tribunal.
• Section 19 Appeal to Appellate Tribunal.3 citing judgments
• Section 21 Qualifications, for appointment of Special Director (Appeals).
• Section 23 Terms and Conditions of service Special Director (Appeals).
• Section 27 Staff of Special Director (Appeals).
• Section 28 Procedure and powers of Appellate Tribunal and Special Director (Appeals).
• Section 31 Omitted.
• Section 32 Right of appellant to take assistance of legal practitioner or chartered accountant and of Government, to appoint presenting officers.
• Section 33 Members, etc., to be public servants.
• Section 34 Civil court not to have jurisdiction.1 citing judgment
• Section 35 Appeal to High Court.3 citing judgments
• Section 36 Directorate of Enforcement.
• Section 37 Power of search, seizure, etc.2 citing judgments
• Section 37A Special provisions relating to assets held outside India in contravention of section 4
• Section 38 Empowering other officers.
• Section 39 Presumption as to documents in certain cases.
• Section 40 Suspension of operation of this Act
• Section 41 Power of Central Government to give directions.
• Section 42 Contravention by companies
• Section 43 Death or insolvency in certain cases.
• Section 44 Bar of legal proceedings.
• Section 44A Powers of Reserve Bank not to apply to International Financial Services Centre
• Section 45 Removal of difficulties.
• Section 46 Power to make rules
• Section 47 Power to make regulations2 citing judgments
• Section 48 Rules and regulations to be laid before Parliament.1 citing judgment
• Section 49 Repeal and saving.2 citing judgments