Insertion of Competent Authorities clarifies administrative reference under the Foreign Exchange Act following legislative amendment. Insertion of the phrase Competent Authorities into section 18 of the Foreign Exchange Management Act, 1999, by the Finance Act, 2015, adds those words immediately after the existing reference to Adjudicating Authorities, thereby amending the statutory text without otherwise altering surrounding provisions.
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Insertion of Competent Authorities clarifies administrative reference under the Foreign Exchange Act following legislative amendment.
Insertion of the phrase Competent Authorities into section 18 of the Foreign Exchange Management Act, 1999, by the Finance Act, 2015, adds those words immediately after the existing reference to Adjudicating Authorities, thereby amending the statutory text without otherwise altering surrounding provisions.
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