https://www.taxtmi.com/caselaws?id=111035 Section 49 of the Foreign Exchange Management Act, 1999 preserves liability and related ings for contraventions committed under the repealed Foreign Exchange Regulation Act, 1973. Offences committed when the repealed Act was in force continue to be governed by that Act as if it had not been repealed, and the saving provision also protects actions taken under the earlier law, including appointments and notices, so long as they are not inconsistent with the new Act. On that basis, proceedings against alleged pre-repeal contraventions and the appointment of adjudicating officers were held to be validly continued under the saved regime. en-us Mon, 21 Nov 2005 00:00:00 +0530 Thu, 19 Apr 2012 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111035 Section 49 of the Foreign Exchange Management Act, 1999 preserves liability and related ings for contraventions committed under the repealed Foreign Exchange Regulation Act, 1973. Offences committed when the repealed Act was in force continue to be governed by that Act as if it had not been repealed, and the saving provision also protects actions taken under the earlier law, including appointments and notices, so long as they are not inconsistent with the new Act. On that basis, proceedings against alleged pre-repeal contraventions and the appointment of adjudicating officers were held to be validly continued under the saved regime. Case-Laws Companies Law Mon, 21 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111035