Foreign exchange enforcement definitions clarify authorised officer and competent authority roles under the amended statutory framework.

Part V amending the Foreign Exchange Management Act, 1999 may be brought into force on dates appointed by the Central Government, including different dates for different provisions. Section 2 introduces the definitions of Authorised Officer and Competent Authority. An Authorised Officer is an officer of the Directorate of Enforcement authorised under section 37A, while Competent Authority means the Authority appointed under that provision.

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