Appeal mechanism for rejected authorisation and revocation sets filing deadline, hearing opportunity, and reasoned disposal timeframe. An applicant whose application for authorisation is rejected, or an authorised person whose authorisation is revoked, may appeal to the Appellate Authority, namely the Executive Director in charge of the Foreign Exchange Department, Central Office, Reserve Bank of India, Mumbai. The appeal must be filed within forty-five calendar days from the date of receipt of the communication intimating rejection or revocation. On receipt of an appeal, the Appellate Authority may afford the applicant an opportunity of being heard and is required to pass a reasoned order within sixty calendar days from the date of receipt of the appeal.
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Provisions expressly mentioned in the judgment/order text.
Appeal mechanism for rejected authorisation and revocation sets filing deadline, hearing opportunity, and reasoned disposal timeframe.
An applicant whose application for authorisation is rejected, or an authorised person whose authorisation is revoked, may appeal to the Appellate Authority, namely the Executive Director in charge of the Foreign Exchange Department, Central Office, Reserve Bank of India, Mumbai. The appeal must be filed within forty-five calendar days from the date of receipt of the communication intimating rejection or revocation. On receipt of an appeal, the Appellate Authority may afford the applicant an opportunity of being heard and is required to pass a reasoned order within sixty calendar days from the date of receipt of the appeal.
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