Central government directions require Reserve Bank compliance under FEMA, enforcing administrative oversight of monetary functions. Central Government power under Section 41 authorises issuance of general or special directions to the Reserve Bank for purposes of the Act; the Reserve ... Summary
Central government directions require Reserve Bank compliance under FEMA, enforcing administrative oversight of monetary functions.
Central Government power under Section 41 authorises issuance of general or special directions to the Reserve Bank for purposes of the Act; the Reserve Bank is required to discharge its functions under the Act and to comply with any such general or special directions issued by the Central Government.
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