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Home Acts & Rules FEMA Acts Foreign Exchange Management Act, 1999 Chapters List This

Foreign Exchange Management Act, 1999

Chapter: I
PRELIMINARY
Section 1 : Short title, extent, Application and Commencement
Section 2 : Definitions
Chapter: II
REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE
Section 3 : Dealing in Foreign Exchange, etc.
Section 4 : Holding of Foreign Exchange, etc.
Section 5 : Current Account Transactions
Section 6 : Capital Account Transactions
Section 7 : Export of goods and services
Section 8 : Realisation and Repatriation of Foreign Exchange
Section 9 : Exemption from Realisation and Repatriation in Certain Cases
Chapter: III
AUTHORISED PERSON
Section 10 : Authorised Person
Section 11 : Reserve Bank's Powers to Issue Directions to Authorised Person
Section 12 : Power of Reserve Bank to inspect Authorised Person
Chapter: IV
CONTRAVENTION AND PENALTIES
Section 13 : Penalties
Section 14 : Enforcement of the orders of Adjudicating Authority
Section 14A : Power to Recover Arrears of Penalty
Section 15 : Power to Compound Contravention
Chapter: V
ADJUDICATION AND APPEAL
Section 16 : Appointment of Adjudicating Authority
Section 17 : Appeal to Special Director (Appeals)
Section 18 : Appellate Tribunal
Section 19 : Appeal to Appellate Tribunal
Section 20 : [Omitted] Composition of Appellate Tribunal
Section 21 : Qualifications, for appointment of Special Director (Appeals)
Section 22 : [Omitted] Term of office
Section 23 : Terms and Conditions of Service of Special Director (Appeals)
Section 24 : [Omitted] Vacancies
Section 25 : [Omitted] Resignation and Removal
Section 26 : [Omitted] Member to act as Chairperson in certain circumstances
Section 27 : Staff of Special Director (Appeals)
Section 28 : Procedure and Powers of Appellate Tribunal and Special Director (Appeals)
Section 29 : [Omitted] Distribution of business amongst Benches
Section 30 : [Omitted] Power of Chairperson to Transfer Cases
Section 31 : [Omitted] Decision to be by Majority
Section 32 : Right of Appellant to Take Assistance of legal Practitioner or Chartered Accountant and of Government, to Appoint Presenting Officers
Section 33 : Officers and Employees, etc., to be Public Servant
Section 34 : Civil Court not to have Jurisdiction
Section 35 : Appeal to High Court
Chapter: VI
DIRECTORATE OF ENFORCEMENT
Section 36 : Directorate of Enforcement
Section 37 : Power of Search, Seizure etc
Section 37A : Special Provisions Relating to Assets held Outside India in Contravention of Section 4
Section 38 : Empowering other Officers
Chapter: VII
MISCELLANEOUS
Section 39 : Presumption as to Documents in Certain Cases
Section 40 : Suspension of Operation of this Act
Section 41 : Power of Central Government to give Directions.
Section 42 : Contravention by Companies
Section 43 : Death or Insolvency in Certain Cases
Section 44 : Bar of legal Proceedings
Section 44A : Powers of Reserve Bank not to apply to International Financial Services Centre
Section 45 : Removal of Difficulties
Section 46 : Power to Make Rules
Section 47 : Power to make regulations
Section 48 : Rules and Regulations to be laid Before Parliament
Section 49 : Repeal and Saving
 
 
 

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