https://www.taxtmi.com/caselaws?id=457953 Section 52(2) of the Foreign Exchange Regulation Act, 1973 permits dispensation of pre-deposit for undue hardship, but the expression cannot be treated as satisfied by a prima facie case alone. Rule 6A requires disclosure of financial position, and the record showed the company had substantial fixed assets, profits, and assessed income, while the directors established no separate hardship. Balance of convenience, irreparable injury, public interest, and other relevant factors were also relevant to waiver. On those facts, the appellants failed to show undue hardship and were not entitled to dispensation of pre-deposit. en-us Tue, 30 Jun 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457953 Section 52(2) of the Foreign Exchange Regulation Act, 1973 permits dispensation of pre-deposit for undue hardship, but the expression cannot be treated as satisfied by a prima facie case alone. Rule 6A requires disclosure of financial position, and the record showed the company had substantial fixed assets, profits, and assessed income, while the directors established no separate hardship. Balance of convenience, irreparable injury, public interest, and other relevant factors were also relevant to waiver. On those facts, the appellants failed to show undue hardship and were not entitled to dispensation of pre-deposit. Case-Laws FEMA Tue, 30 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457953