Section 14 of FEMA – Section 14: Enforcement Of The Orders Of Adj

The Foreign Exchange Management Act, 1999

CHAPTER IV: CONTRAVENTION AND PENALTIES

Section 14: Enforcement Of The Orders Of Adjudicating Authority

(1) Subject to the provisions of sub-section (2) of section 19, if any person fails to make full payment of the penalty imposed on him under section 13 within a period of ninety days from the date on which the notice for payment of such penalty is served on him, he shall be liable to civil imprisonment under this section.

(2) No order for the arrest and detention in civil prison of a defaulter shall be made unless the Adjudicating Authority has issued and served a notice upon the defaulter calling upon him to appear before him on the date specified in the notice and to show cause why he should not be committed to the civil prison, and unless the Adjudicating Authority, for reasons in writing, is satisfied:

(a) that the defaulter, wit

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Explanation using examples

Imagine a businessman, Mr. Sharma, who engages in international trade and is required to comply with the Foreign Exchange Management Act (FEMA), 1999. During a routine audit, it is discovered that Mr. Sharma has violated certain FEMA regulations, and a

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Section 14 of FEMA : Section 14: Enforcement Of The Orders Of Adjudicating Authority

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Simplified Explanation of The Foreign Exchange Management Act, 1999 - Section 14

Explanation using examples

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