Act Info:
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