RBI has power to Revoke Authorisation [Section 10(3)]

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....y person as authorised person section (10(1) of FEMA Act,. The authorised person shall be in writing and subject to the conditions prescribed in the authorisation letter. An authorisation granted by....

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....only after the dealer has given an opportunity for making representation. [ Section 10(3) Of FEMA Act ] RBI can issue directions to authorised person and ask them to furnish information. RBI can impo....