Section 12 of FEMA : Section 12: Power Of Reserve Bank To Inspect Authorised Person
FEMA
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a scenario where the Reserve Bank of India (RBI) receives a tip that a certain authorized foreign exchange dealer in Mumbai has been involved in illegal activities, such as not maintaining proper records of foreign exchange transactions. To investigate the matter, the RBI uses its power under Section 12 of the Foreign Exchange Management Act (FEMA), 1999.
The RBI authorizes a senior ...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
