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Section 11 - Reserve Bank’s powers to issue directions to authorised person - Foreign Exchange Management Act,1999

Extract

..... Reserve Bank's powers to issue directions to authorised person.11. (1) The Reserve Bank may, for the purpose of securing compli­ance with the provisions of this Act and of any rules, regula­tions, notifications or directions made thereunder, .....

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Section 11 - Reserve Bank s powers to issue directions to authorised person - Foreign Exchange Management Act,1999

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..... iven by the Reserve Bank under this Act or fails to file any return as directed by the Reserve Bank, the Reserve Bank may, after giving reasonable opportunity of being heard, impose on the authorised person a penalty which may extend to ten thousand .....

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Section 11 - Reserve Bank s powers to issue directions to authorised person - Foreign Exchange Management Act,1999

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