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.
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.
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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