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TypeBare Act JurisdictionCentral Government

Foreign Exchange Regulation Act, 1973

Complete Act - all sections

~3 min read
https://sooperkanoon.com/act/50708

Bare act · Research

About this act

Foreign Exchange Regulation Act, 1973 (1973) is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Act Text

Preamble1 - The Foreign Exchange Regulation Act, 1973
Section1 - Short Title, Extent, Application and Commencement
Section2 - Definitions
Section3 - Classes of Officers of Enforcement
Section4 - Appointment and Powers of Officers of Enforcement
Section5 - Entrustment of Functions of Director or Other Officer of Enforcement
Section6 - Authorised Dealers in Foreign Exchange
Section7 - Money-changers
Section8 - Restrictions on Dealing in Foreign Exchange
Section9 - 9. 9. 9. Restrictions on Payments
Section10 - Blocked Accounts
Section13 - Restrictions on Import and Export of Certain Currency and Bullion
Section14 - Acquisition by Central Government of Foreign Exchange.
Section16 - Duty of Persons Entitled to Receive Foreign Exchange, Etc.
Section18 - Payment for Exported Goods
Section19 - Regulation of Export and Transfer of Securities
Section22 - Restrictions on Issue of Bearer Securities
Section24 - Restriction on Settlement, Etc.
Section25 - Restriction on Holding of Immovable Property Outside India
Section26 - Certain Provisions as to Guarantee in Respect of Debt or Other Obligation
Section28 - Restrictions on the Appointment of Certain Persons and Companies as Agents or Technical or Management Advisers in India
Section29 - Restrictions on Establishment of Place of Business in India
Section30 - Prior Permission of Reserve Bank Required for Taking Up Employment, Etc., in India by Nationals of Foreign States
Section31 - Restriction on Acquisition, Holding, Etc., of Immovable Property in India
Section33 - Power to Call for Information
Section34 - Power to Search Suspected Persons and to Seize Documents
Section35 - Power to Arrest
Section36 - Power to Stop and Search Conveyances
Section37 - Power to Search Premises
Section38 - Power to Seize Documents, Etc.
Section39 - Power to Examine Persons
Section40 - Power to Summon Persons to Give Evidence and Produce Documents
Section41 - Custody of Documents, Etc.
Section42 - Encashment of Cheque, Draft, Etc.
Section43 - Inspection
Section44 - Prohibition of Disclosure of Documents or Information Except in Certain Cases
Section45 - Power of Police Officer and Other Officers to Enter, Search, Etc.
Section46 - Procedure in Respect of Foreign Exchange or Any Other Goods Seized by Police Officers
Section47 - Contracts in Evasion of the Act
Section48 - False Statements
Section49 - Failure to Comply with Conditions Subject to Which Permissions, or Licences Have Been Given or Granted Under the Act to Be Contravention of the Provisions of the Act
Section50 - Penalty
Section51 - Power to Adjudicate
Section52 - Appeal to Appellate Board
Section53 - Powers of the Adjudicating Officer and the Appellate Board to Summon Witnesses, Etc.
Section54 - Appeal to High Court
Section55 - Continuance of Proceeding in the Event of Death or Insolvency
Section56 - Offences and Prosecutions
Section57 - Penalty for Contravention of Order Made by Adjudicating Officer, Appellate Board and High Court
Section58 - Vexatious Search, Etc., by Officers of Enforcement
Section59 - Presumption of Culpable Mental State
Section60 - Power to Tender Immunity from Prosecution
Section61 - Cognizance of Offences
Section62 - Certain Offences to Be Non-cognizable
Section63 - Confiscation of Currency, Security, Etc.
Section64 - Preparation, Attempt, Etc.
Section65 - Correction of Clerical Errors, Etc.
Section66 - Application of 1[Section 360 of the Code of Criminal Procedure, 1973], and of the Probation of Offenders Act, 1958
Section67 - Application of the Customs Act, 1962
Section68 - Offences by Companies
Section69 - Power of Court to Publish Name, Place of Business, Etc., of Companies Convicted Under the Act
Section70 - Recovery of Sums Due to Government
Section71 - Burden of Proof in Certain Cases
Section72 - Presumption as to Documents in Certain Cases
Section73 - Supplemental Provisions
Section73A - Penalty for Contravention of Direction of Reserve Bank or for Failure to File Returns
Section74 - Delegation
Section75 - Power of Central Government to Give Directions
Section76 - Factors to Be Taken into Account by the Central Government and the Reserve Bank While Giving or Granting Permissions or Licences Under the Act
Section77 - Certain Officers to Assist Officers of Enforcement
Section78 - Bar of Legal Proceedings
Section79 - Power to Make Rules
Section80 - Power to Remove Difficulties
Section81 - Repeal and Saving

Frequently asked questions

What is the Foreign Exchange Regulation Act, 1973?

The Foreign Exchange Regulation Act, 1973, enacted in 1973, is Central state legislation available in full text on SooperKanoon. It is commonly used for legal research alongside judgments that interpret and apply its provisions.

How can I find court judgments citing the Foreign Exchange Regulation Act, 1973?

Use “Find citing judgments” on this page to search reported decisions from Indian courts and tribunals that reference the Foreign Exchange Regulation Act, 1973. You can also start from the Bare Acts hub or run an advanced act search for tighter filters.

Is the act text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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