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)
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