Section 36: After section 73 of the principal Act, the following section shall be inserted
The Foreign Exchange Regulation (Amendment) Ordinance, 1993.Ordinance · 1993
"73A. Where any authorised dealer contravenes any direction given by the Reserve Bank under this act or fails to file any return as directed by the Reserve Bank, the Reserve Bank may, after giving a reasonable opportunity of being heard impose on the authorised dealer a penalty which may extend to ten thousand rupees and in the case of continuing contravention with an additional penalty which, may extend to two thousand rupees for every day during which such contravention continues.".
37. In section 74 of the principal Act, in clause (/), for the figures and word "9, 10 or 11", the figures and word "9 or 10" shall be substituted.
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