Foreign Exchange Regulation Act, 1973 Preamble 1 - Bare Act

Act Info:

THE FOREIGN EXCHANGE REGULATION ACT, 1973

[Act, No. 46 of 1973]

[19 th September, 1973]

PREAMBLE

An Act to consolidate and amend the law regulating certain payments, dealing in foreign exchange and securities, transactions indirectly affecting foreign exchange and the import and export of currency¹[* * * * *], for the conservation of the foreign exchange resources of the country and the proper utilisation thereof in the interest of the economic development of the country.

be it enacted by Parliament in the twenty-fourth year of the Republic of India as follows: -

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1. The Words "and bullion" omitted by Act 29 of 1993, section 2 w.e.f. 8-1-1993.