https://www.taxtmi.com/caselaws?id=194152 Disobedience of a summons issued under the Foreign Exchange Regulation Act, 1973, read with the service rule for substituted service, was held not to amount to contravention of the Act or its rules for the purpose of criminal liability under Section 56(1). Section 56(1) penalises contravention of the Act, any rule, direction or order made thereunder, but mere failure to appear in response to a summons under Section 40 was treated as distinct from such contravention. The prosecution therefore failed to establish a punishable offence, and the acquittal was upheld. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 30 Aug 2017 14:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194152 Disobedience of a summons issued under the Foreign Exchange Regulation Act, 1973, read with the service rule for substituted service, was held not to amount to contravention of the Act or its rules for the purpose of criminal liability under Section 56(1). Section 56(1) penalises contravention of the Act, any rule, direction or order made thereunder, but mere failure to appear in response to a summons under Section 40 was treated as distinct from such contravention. The prosecution therefore failed to establish a punishable offence, and the acquittal was upheld. Case-Laws FEMA Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194152