https://www.taxtmi.com/acts?id=2004 Section 11 empowers the Reserve Bank to direct authorised persons on payments and acts relating to foreign exchange or foreign security to secure compliance with foreign exchange law. It may require information in a prescribed manner. Contravention of directions or failure to file required returns may, after a reasonable opportunity of being heard, attract a penalty, including an additional daily penalty for continuing contravention. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 15:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2004 Section 11 empowers the Reserve Bank to direct authorised persons on payments and acts relating to foreign exchange or foreign security to secure compliance with foreign exchange law. It may require information in a prescribed manner. Contravention of directions or failure to file required returns may, after a reasonable opportunity of being heard, attract a penalty, including an additional daily penalty for continuing contravention. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2004