Foreign Exchange Management Act, 1999
Section - 3 - Dealing in foreign exchange, etc.
CHAPTER II
REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE
Dealing in foreign exchange, etc.
3. Save as otherwise provided in this Act, rules or regulations made thereunder, or with the general or special permission of the Reserve Bank, no person shall-
| (a) | - | deal in or transfer any foreign exchange or foreign security to any person not being an authorised person; |
| (b) | - | make any payment to or for the credit of any person resident outside India in any manner; |
| (c) | - | receive otherwise (than) through an authorised person, any payment by order or on behalf of any person resident outside India in any manner; |
| - | Explanation.-For the purpose of this clause, where any person in, or resident in, India receives any payment by order or on behalf of any person resident outside India through any other person (including a .... To read the full section download the app from Google Play store
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