Daily Email Newsletter (Sign-up Free)

Section 24 of Foreign Exchange Mgt. Act 1999 (FEMA): Vacancies

Section 24 (Vacancies) under Chapter V (Adjudication and Appeal) of the Foreign Exchange Management Act 1999 (FEMA)

❝If, for reason other than temporary absence, any vacancy occurs in the office of the Chairperson or a Member, the Central Government shall appoint another person in accordance with the provisions of this Act to fill the vacancy and the proceedings may be continued before the Appellate Tribunal from the stage at which the vacancy is filled.❞




..............................................................

Note: Section 24 of the Act was OMITTED by the Finance Act, 2017 (07 of 2017), sec. 165 (w.e.f. 26th May, 2017).

..............................................................

Extra Notes:

The Foreign Exchange Management Act, 1999 was amended by:
- the Finance Act, 2015 (Act No. 20 of 2015);
- the Finance Act, 2016 (Act No. 28 of 2016);
- the Finance Act, 2017 (Act No. 07 of 2017).

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.