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Authorised person

Section 10 - Acts - FEMA - Section 10 - CHAPTER III 10. (1) The Reserve Bank may, on an application made to it in this behalf, authorise any person to be known as to deal in foreign exchange or in foreign securities, as an authorised dealer, money ch .....

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voked by the Reserve Bank at any time if the Reserve Bank is satisfied that- (a) it is in public interest so to do; or (b) the has failed to comply with the condition subject to which the authorisation was granted or has contravened any of the provis .....

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resentation in the matter. (4) An shall, in all his dealings in foreign exchange or foreign security, comply with such general or special directions or orders as the Reserve Bank may, from time to time, think fit to give, and, except with the previou .....

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ction in foreign exchange on behalf of any person, require that person to make such declaration and to give such information as will reasonably satisfy him that the transaction will not involve, and is not designed for the purpose of any contraventio .....

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