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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>RBI Grants Authorizations Under Section 10(2) of FEMA Act for Foreign Exchange Transactions with Strict Conditions</h1> Under Section 10(2) of the FEMA Act, 1999, the Reserve Bank of India (RBI) grants written authorizations to individuals or entities to deal in foreign exchange and securities, subject to specific conditions. Authorized Dealers (AD) and Full Fledged Money Changers (FFMC) can appoint agents or franchises for restricted money changing activities, such as converting foreign currency into rupees. Applicants must apply to RBI, which may deny authorization if the applicant is deemed unfit. Authorizations specify the currencies, amounts, periods, and conditions for transactions, and the authorized person must comply with these parameters.

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