Power to suspend or relax FEMA provisions, subject to Central notification and subsequent parliamentary review and possible modification. The Central Government may by notification suspend or relax any provision of the Act where circumstances make permissions or restrictions unnecessary or when considered expedient in the public interest, for an indefinite period or for a specified period. Notifications suspending or relaxing provisions may be removed by notification. Every such notification must be laid before each House of Parliament for a total of thirty days across one or more sessions, and Parliament may modify or annul the notification without affecting the validity of prior actions taken under it.
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.
Power to suspend or relax FEMA provisions, subject to Central notification and subsequent parliamentary review and possible modification.
The Central Government may by notification suspend or relax any provision of the Act where circumstances make permissions or restrictions unnecessary or when considered expedient in the public interest, for an indefinite period or for a specified period. Notifications suspending or relaxing provisions may be removed by notification. Every such notification must be laid before each House of Parliament for a total of thirty days across one or more sessions, and Parliament may modify or annul the notification without affecting the validity of prior actions taken under it.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
