Foreign Exchange Management Act, 1999

Section - 1 - Short title, extent, application and commencement

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Section - 2 - Definitions

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Section - 3 - Dealing in foreign exchange, etc.

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Section - 4 - Holding of foreign exchange, etc.

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Section - 5 - Current account transactions

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Section - 6 - Capital account transactions

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Section - 7 - Export of goods and services

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Section - 8 - Realisation and repatriation of foreign exchange

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Section - 9 - Exemption from realisation and repatriation in certain cases

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Section - 10 - Authorised person

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Section - 11 - Reserve Bank’s powers to issue directions to authorised person

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Section - 12 - Power of Reserve Bank to inspect authorised person

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Section - 13 - Penalties

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Section - 14 - Enforcement of the orders of Adjudicating Authority

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Section - 14A - Power to recover arrears of penalty

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Section - 15 - Power to compound contravention

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Section - 16 - Appointment of Adjudicating Authority

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Section - 17 - Appeal to Special Director (Appeals)

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Section - 18 - Appellate Tribunal

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Section - 19 - Appeal to Appellate Tribunal

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Section - 20 - [***]

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Section - 21 - Qualifications for appointment of Special Director (Appeals)

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Section - 22 - [***]

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Section - 23 - Terms and conditions of service of Special Director (Appeals)

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Section - 24 - [***]

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Section - 25 - [***]

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Section - 26 - [***]

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Section - 27 - Staff of Special Director (Appeals)

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Section - 28 - Procedure and Powers of Appellate Tribunal and Special Director (Appeals)

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Section - 29 - [***]

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Section - 30 - [***]

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Section - 31 - [***]

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Section - 32 - Right of appellant to take assistance of legal practitioner or chartered accountant and of Government, to appoint presenting officers

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Section - 33 - Officers and employees, etc. to be public servant

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Section - 34 - Civil court not to have jurisdiction

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Section - 35 - Appeal to High Court

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Section - 36 - Directorate of Enforcement

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Section - 37 - Power of search, seizure, etc.

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Section - 37A - Special provisions relating to assets held outside India in contravention of section 4

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Section - 38 - Empowering other officers

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Section - 39 - Presumption as to documents in certain cases

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Section - 40 - Suspension of operation of this Act

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Section - 41 - Power of Central Government to give directions

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Section - 42 - Contravention by companies

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Section - 43 - Death or insolvency in certain cases

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Section - 44 - Bar of legal proceedings

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Section - 44A - Powers of Reserve Bank not to apply to International Financial Services Centre

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Section - 45 - Removal of difficulties

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Section - 46 - Power to make rules

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Section - 47 - Power to make regulations

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Section - 48 - Rules and regulations to be laid before Parliament

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Section - 49 - Repeal and saving

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