Save as otherwise provided in this Act, no person resident in India shall acquire, hold, own, possess or transfer any foreign exchange, foreign security or any immovable property situated outside India.
Section 4: Holding of foreign exchange, etc.
The Foreign Exchange Management Act, 1999Central Act · Act 42 of 1999
Where this provision sits
| Act | The Foreign Exchange Management Act, 1999 |
|---|---|
| Section | 4 |
| Marginal note | Holding of foreign exchange, etc. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
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