Foreign Exchange Management Act,1999

Short title, extent, application and commencement

Definitions

Dealing in foreign exchange, etc.

Holding of foreign exchange, etc.

Current account transactions.

Capital account transactions

Export of goods and services

Realisation and repatriation of foreign exchange

Exemption from realisation and repatriation in certain cases

Authorised person

Reserve Bank’s powers to issue directions to authorised person

Power of Reserve Bank to inspect authorised perrson

Penalties

Enforcement of the orders of Adjudicating Authority

Power to compound contravention

Appointment of Adjudicating Authority

Appeal to Special Director (Appeals)

Establishment of Appellate Tribunal

Appeal to Appellate Tribunal

Composition of Appellate Tribunal

Qualifications for appointment of Chairperson, Member and Special Director (Appeals)

Term of office

Terms and conditions of service

Vacancies

Resignation and removal

Member to act as Chairperson in certain circumstances

Staff of Appellate Tribunal and Special Director (Appeals)

Procedure and Powers of Appellate Tribunal and Special Director (Appeals)

Distribution of business amongst Benches

Power of Chairperson to transfer cases

Decision to be by majority

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

Members, etc. to be public servan

Civil court not to have jurisdiction

Appeal to High Court

Directorate of Enforcement

Power of search, seizure, etc

Empowering other officers

Presumption as to documents in certain cases

Suspension of operation of this Act

Power of Central Government to give directions.

Contravention by companies

Death or insolvency in certain cases

Bar of legal proceedings.

Removal of difficulties

Power to make rules

Power to make regulations

Rules and regulations to be laid before Parliament

Repeal and saving