FOREIGN EXCHANGE REGULATION ACT, 1973 1 Short title, extent, application and commencement 2 Definitions 3 Classes of officers of Enforcement 4 Appointment and powers of officers of Enforcement 5 Entrustment of functions of Director 6 Authorised dealers in foreign exchange 7 Money-changers 8 Restrictions on dealing in foreign exchange 9 Restrictions on payments 10 Blocked accounts 11 Deleted by Act 29 of 1983 12 Deleted by Act 29 of 1993 13 Restrictions on import and export of certain currency 14 Acquisition by Central Government of foreign exchange 15 Deleted by Act 29 of 1993 16 Duty of persons entitled to receive foreign exchange 17 Deleted by Act 29 of 1993. 18 Payment for exported goods 18A Payment for lease, hire or other arrangement 19 Regulation of export and transfer of securities 20 Deleted by Act 29 of 1993 21 Deleted by Act 29 of 1993 22 Restrictions on issue of bearer securities 23 Deleted by Act 29 of 1993 24 Restriction on settlement etc. 25 Restriction on holding of immovable property outside India 26 Certain provisions as to guarantee in respect of debt or other obligation 27 Deleted by Act 29 of 1993 28 Restrictions on the appointment of certain persons and companies as agents 29 Restrictions on establishment of place of business in India 30 Prior permission of Reserve Bank required for practising profession, etc. in India by nationals of foreign States 31 Restriction on acquisition, holding, etc., of immovable property in India 32 Deleted by Act 29 of 1993. 33 Power to call for information 34 Power to search suspected persons and to seize documents 35 Power to arrest 36 Power to stop and search conveyances 37 Power to search premises 38 Power to seize documents, etc. 39 Power to examine persons 40 Power to summon persons to give evidence and produce documents 41 Custody of documents, etc. 42 Encashment of cheque, draft, etc. 43 Inspection 44 Prohibition of disclosure of documents or information except in certain cases 45 Power of police officers and other officers to enter, search, etc. 46 Procedure in respect of foreign exchange or any other goods seized by police officers 47 Contracts in evasion of the Act 48 False statements 49 Failure to comply with conditions subject to which permissions or licences have been given or granted under the Act to be contravention of the provisions of the Act 50 Penalty 51 Power to adjudicate 52 Appeal to Appellate Board 53 Powers of the adjudicating officer and the Appellate Board to summon witnesses, etc. 54 Appeal to High Court 55 Continuance of proceeding in the event of death or insolvency 56 Offences and prosecutions 57 Penalty for contravention of order made by adjudicating officer, Appellate Board and High Court 58 Vexatious search etc., by officers of Enforcement 59 Presumption of culpable mental state 60 Power to tender immunity from prosecution 61 Cognizance of offences 62 Certain offences to be non-cognizable 63 Confiscation of currency, security, etc. 64 Preparation, attempt, etc. 65 Correction of clerical errors, etc. 66 Application of section 360 of the Code of Criminal Procedure,1973 and of the Probation of Offenders Act, 1958 67 Application of the Customs Act, 1962 68 have effect accordingly..Offences by companies 69 Power of court to publish name, place of business, etc., of companies convicted under the Act 70 Recovery of sums due to Government 71 Burden of proof in certain cases 72 Presumption as to documents in certain cases 73 Supplemental provisions 73A Penalty for contravention of direction of Reserve Bank or for failure to file returns 74 Delegation 75 Power of Central Government to give directions 76 Factors to be taken into account by the Central Government and the Reserve Bank while giving or granting permissions or licences under the Act 77 Certain officers to assist officers of Enforcement 78 Bar of legal proceedings 79 Power to make rules 80 Power to remove difficulties 81 Repeal and saving
