Foreign Exchange Management Act, 1999

Section - 46 - Power to make rules

Power to make rules.

46. (1) The Central Government may, by notification, make rules to carry out the provisions of this Act.

(2) Without prejudice to the generality of the foregoing power, such rules may provide for,-

(a) - the imposition of reasonable restrictions on current account transactions under section 5;
[(aa)-the instruments which are determined to be debt instruments under sub-section (7) of section 6;
(ab)-the permissible classes of capital account transactions in accordance with sub-section (2A) of section 6, the limits of admissibility of foreign exchange, and the prohibition, restriction or regulation of such transactions;]
(b) - the manner in which the contravention may be compounded under sub-section (1) of section 15;
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