The Foreign Exchange Management Act,1999
[ 42 of 1999 ]
Preliminary
1.
Short title, extent, application and commencement
2.
Definitions
Regulation and Management of Foreign Exchange
3. Dealing in
foreign exchange, etc.
4. Holding of
foreign exchange, etc.
5. Current
account transactions
6. Capital
account transactions
7. Export of
goods and services
8. Realisation
and repatriation of foreign exchange
9. Exemption
from realisation and repatriation in certain cases
Authorised person
10. Authorised
person
11. Reserve
Bank's powers to issue directions to authorised person
12. Power of
Reserve Bank to inspect authorised person
Contravention and Penalties
13. Penalties
14. Enforcement
of the orders of adjudicating authority
15. Power to
compound contravention
Adjudication and Appeal
16. Appointment
of Adjudicating Authority
17. Appeal to
Special Director (Appeals)
18.
Establishment of Appellate Tribunal
19. Appeal to
Appellate Tribunal
20. Composition
of Appellate Tribunal
21.
Qualifications for appointment of Chairperson, member and Special Director (Appeals)
22. Term of
office
23. Terms and
Conditions of service
24. Vacancies
25. Resignation
and removal
26. Member to
act as Chairperson in certain circumstances
27. Staff of
Appellate Tribunal & Special Director ( Appeals )
28. Procedure
and powers of Appellate Tribunal & Special Director (Appeals)
29.
Distribution of business amongst Benches
30. Power of
Chairperson to transfer cases
31. Decision to
be by majority
32. Right of
appellant to take assistance of legal practitioner or Chartered Accountant and of
Government, to appoint presenting officers
33. Members,
etc., to be public servants
34. Civil court
not to have jurisdiction
35. Appeal to
High Court
Directorate of Enforcement
36. Directorate
of Enforcement
37. Power of
search, seizure, etc.
38. Empowering
other officers
Miscellaneous
39. Presumption as
to documents in certain cases
40. Suspension of
operation of this Act
41. Power of
Central Government to give directions
42. Contravention
by companies
43. Death or
insolvency in certain cases
44. Bar of legal
proceedings
45. Removal of
difficulties
46. Power to make
rules
47. Power to make
regulations
48 Rules and
regulations to be laid before Parliament
49. Repeal and
saving
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