Daily Email Newsletter (Sign-up Free)

Section 45, Foreign Exchange Mgt. Act 1999: Removal of Difficulties

Section 45 (Removal of difficulties) under Chapter VII (Miscellaneous) of the Foreign Exchange Management Act 1999 (FEMA)

❝(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, do anything not inconsistent with the provisions of this Act for the purpose of removing the difficulty:

 Provided that no such order shall be made under this section after the expiry of two years from the commencement of this Act.

(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.❞




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

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.