https://www.taxtmi.com/acts?id=2004 The Reserve Bank may direct authorised persons on payments and acts relating to foreign exchange or foreign securities and require them to furnish information to secure compliance with the Act and subordinate instruments. After giving a reasonable opportunity of being heard, the Bank may impose a penalty on an authorised person who contravenes its directions or fails to file required returns, including an initial sanction and an additional daily penalty for continuing contraventions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 May 2025 10:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2004 The Reserve Bank may direct authorised persons on payments and acts relating to foreign exchange or foreign securities and require them to furnish information to secure compliance with the Act and subordinate instruments. After giving a reasonable opportunity of being heard, the Bank may impose a penalty on an authorised person who contravenes its directions or fails to file required returns, including an initial sanction and an additional daily penalty for continuing contraventions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2004