https://www.taxtmi.com/acts?id=2006 Section 13 imposes monetary penalties for contraventions of the Act or associated instruments, including enhanced penalties for acquisition of foreign exchange, foreign securities or overseas immovable property beyond a prescribed threshold, confiscation of equivalent value situated in India, and potential criminal prosecution initiated by a specified enforcement officer. Adjudicating authorities may also order confiscation of currency, securities or converted property and direct repatriation or retention of foreign exchange holdings; "property" includes bank deposits, converted Indian currency and assets arising from conversion. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 May 2025 10:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2006 Section 13 imposes monetary penalties for contraventions of the Act or associated instruments, including enhanced penalties for acquisition of foreign exchange, foreign securities or overseas immovable property beyond a prescribed threshold, confiscation of equivalent value situated in India, and potential criminal prosecution initiated by a specified enforcement officer. Adjudicating authorities may also order confiscation of currency, securities or converted property and direct repatriation or retention of foreign exchange holdings; "property" includes bank deposits, converted Indian currency and assets arising from conversion. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2006