Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947)

Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947)

CONTENTS
  SECTIONS
1. Short title, extent and commencementa
2. Interpretation
3. Authorised dealers in foreign exchange
4. Restrictions on dealing in foreign exchange
5. Restrictions on payment
6. Blocked accounts
7. Special accounts
8. Restrictions on import and export of certain currency and bullion
9. Acquisition by Government of foreign exchange
10. Duty of persons entitled to receive foreign exchange etc.
11. Power to regulate the uses, etc., of imported gold and silver
12. [ Receipts of proceeds for exported goods and services]
13. Regulation of export and transfer of securities
14. Custody of securities
15. Restrictions on issue of bearer securities
16. Acquisition by Government of foreign securities
17. Restriction on settlement
18. Certain provisions as to companies
18A. [Omitted]
18B. Restriction on foreign companies
19. Power to call for information
19A. Power of inspection
20. Supplemental provisions
21. Contracts in evasion of this Act
22. False statements
22A. Grant of immunity in certain cases
23. Penalty and procedure
23A. Tribunal, its powers, etc.
24. Burden of proof in certain cases
25. Power to Government to give direction
26. Bar of legal proceedings
27. Power to make rules

Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947) (download)