Competent Authorities gain express recognition alongside Adjudicating Authorities under the amended foreign exchange enforcement provision. Section 141 of the Finance Act, 2015 amends section 18 of the Foreign Exchange Act by inserting "Competent Authorities" after "Adjudicating Authorities". ... Summary
Competent Authorities gain express recognition alongside Adjudicating Authorities under the amended foreign exchange enforcement provision.
Section 141 of the Finance Act, 2015 amends section 18 of the Foreign Exchange Act by inserting "Competent Authorities" after "Adjudicating Authorities". The amendment expands the authorities expressly referenced in that provision and took effect on 9 September 2015.
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