https://www.taxtmi.com/acts?id=2003 Authorisation to deal in foreign exchange or foreign securities must be in writing and subject to specified conditions. The Reserve Bank may revoke authorisation in the public interest or for non-compliance, with a reasonable opportunity of representation where revocation is based on non-compliance. Authorised persons must follow directions, remain within their authorisation, verify declarations and information before undertaking transactions, refuse inadequately supported transactions in writing, and report suspected contravention or evasion. Misuse, non-surrender, or impermissible use of foreign exchange acquired for a declared purpose constitutes contravention. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 15:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2003 Authorisation to deal in foreign exchange or foreign securities must be in writing and subject to specified conditions. The Reserve Bank may revoke authorisation in the public interest or for non-compliance, with a reasonable opportunity of representation where revocation is based on non-compliance. Authorised persons must follow directions, remain within their authorisation, verify declarations and information before undertaking transactions, refuse inadequately supported transactions in writing, and report suspected contravention or evasion. Misuse, non-surrender, or impermissible use of foreign exchange acquired for a declared purpose constitutes contravention. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2003