Indian Kanoon > Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999

(Act no 42 of 1999) The Foreign Exchange Management Act,1999 [ 42 of 1999 ] An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India BE it enacted by Parliament in the Fiftieth Year of the Republic of India as follows:

Section	Title
Section- 1	Section-1 Short title, extent, application and commencement Chapter 1
Section- 2	Section-2 Definitions Chapter 1
Section- 3	Section-3 Dealing in foreign exchange, etc. Chapter 1
Section- 4	Section-4 Holding of foreign exchange, etc. Chapter 1
Section- 5	Section-5 Current account transactions Chapter 1
Section- 6	Section-6 Capital account transactions Chapter 1
Section- 7	Section-7 Export of goods and services Chapter 1
Section- 8	Section-8 Realization and repatriation of foreign exchange Chapter 1
Section- 9	Section-9 Exemption from realization and repatriation in certain cases Chapter 1
Section- 10	Section-10 Authorized person Chapter 1
Section- 11	Section-11 Reserve Bank's powers to issue directions to authorized person Chapter 1
Section- 12	Section-12 Power of Reserve Bank to inspect authorized person Chapter 1
Section- 13	Section-13 Penalties Chapter 1
Section- 14	Section-14 Enforcement of the orders of adjudicating authority Chapter 1
Section- 15	Section-15 Power to compound contravention Chapter 1
Section- 16	Section-16 Appointment of Adjudicating Authority Chapter 1
Section- 17	Section-17 Appeal to Special Director (Appeals) Chapter 1
Section- 18	Section-18 Establishment of Appellate Tribunal Chapter 1
Section- 19	Section-19 Appeal to Appellate Tribunal Chapter 1
Section- 20	Section-20 Composition of Appellate Tribunal Chapter 1
Section- 21	Section-21 Qualifications for appointment of Chairperson, member and Special Director (Appeals) Chapter 1
Section- 22	Section-22 Term of office Chapter 1
Section- 23	Section-23 Terms and Conditions of service Chapter 1
Section- 24	Section-24 Vacancies Chapter 1
Section- 25	Section-25 Resignation and removal Chapter 1
Section- 26	Section-26 Member to act as Chairperson in certain circumstances Chapter 1
Section- 27	Section-27 Staff of Appellate Tribunal & Special Director ( Appeals ) Chapter 1
Section- 28	Section-28 Procedure and powers of Appellate Tribunal & Special Director (Appeals) Chapter 1
Section- 29	Section-29 Distribution of business amongst Benches Chapter 1
Section- 30	Section-30 Power of Chairperson to transfer cases Chapter 1
Section- 31	Section-31 Decision to be by majority Chapter 1
Section- 32	Section-32 Right of appellant to take assistance of legal practitioner or Chartered Accountant and of Government, to appoint presenting officers Chapter 1
Section- 33	Section-33 Members, etc., to be public servants Chapter 1
Section- 34	Section-34 Civil court not to have Jurisdiction Chapter 1
Section- 35	Section-35 Appeal to High Court Chapter 1
Section- 36	Section-36 Directorate of Enforcement Chapter 1
Section- 37	Section-37 Power of search, seizure, etc. Chapter 1
Section- 38	Section-38 Empowering other officers Chapter 1
Section- 39	Section-39 Presumption as to documents in certain cases Chapter 1
Section- 40	Section-40 Suspension of operation of this Act Chapter 1
Section- 41	Section-41 Power of Central Government to give directions Chapter 1
Section- 42	Section-42 Contravention by companies Chapter 1
Section- 43	Section-43 Death or insolvency in certain cases Chapter 1
Section- 44	Section-44 Bar of legal proceedings Chapter 1
Section- 45	Section-45 Removal of difficulties Chapter 1
Section- 46	Section-46 Power to make rules Chapter 1
Section- 47	Section-47 Power to make regulations Chapter 1
Section- 48	Section-48 Rules and regulations to be laid before Parliament Chapter 1
Section- 49	Section-49 Repeal and saving Chapter 1

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