Parliamentary scrutiny of foreign exchange rules permits modification or annulment while preserving actions previously taken. Every rule and regulation made under the Foreign Exchange Management Act, 1999 must be laid before each House of Parliament for a cumulative thirty-day ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Parliamentary scrutiny of foreign exchange rules permits modification or annulment while preserving actions previously taken.
Every rule and regulation made under the Foreign Exchange Management Act, 1999 must be laid before each House of Parliament for a cumulative thirty-day period. Both Houses may jointly modify the measure or determine that it should not be made before expiry of the immediately following session. A modified measure operates only as modified, and an annulled measure ceases to have effect, while actions previously taken remain valid.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
