Section 16 of FEMA : Section 16: Appointment Of Adjudicating Authority

Explanation using Example

Imagine a situation where a business owner in India, Mr. Sharma, has been accused of not following the proper procedures when transferring a large sum of money to a foreign subsidiary. The Enforcement Directorate (ED) believes that Mr. Sharma has violated the Foreign Exchange Management Act (FEMA), 1999, by not obtaining the required approvals for the cross-border transaction.

In response to these allegations, the Central Government appoints an Adjudicating Authority under Section 16(1) of FEMA to conduct an inquiry into Mr. Sharma's case. The Adjudicating Authority is given jurisdiction over cases in Mr. Sharma's region as sp...

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