Section 4: Holding of foreign exchange, etc.

Q: What does Section 4 of The Foreign Exchange Management Act, 1999 (FEMA) deal with?

Section 4 FEMA pertains to "Holding of foreign exchange, etc.". It is part of the The Foreign Exchange Management Act, 1999, a legislation enacted by the Parliament of India. Section 4 of The Foreign Exchange Management Act, 1999 (FEMA) governs holding of foreign exchange, etc. As verified on 19 May 2026.

Q: Is Section 4 FEMA still in force?

Yes, Section 4 of the The Foreign Exchange Management Act, 1999 is currently in force across the Republic of India.

Q: What is धारा 4 FEMA?

धारा 4 FEMA is the Devanagari Hindi reference for Section 4 of the The Foreign Exchange Management Act, 1999. Section 4 of The Foreign Exchange Management Act, 1999 (FEMA) governs holding of foreign exchange, etc. As verified on 19 May 2026.

Q: What is Dhara 4 FEMA?

Dhara 4 FEMA is the Roman Hindi reference for Section 4 of the The Foreign Exchange Management Act, 1999. "Dhara" means "Section" in Hindi. Section 4 of The Foreign Exchange Management Act, 1999 (FEMA) governs holding of foreign exchange, etc. As verified on 19 May 2026.

Q: How to cite Section 4 of The Foreign Exchange Management Act, 1999?

Cite as: "Section 4, The Foreign Exchange Management Act, 1999 (FEMA)" in legal briefs. For academic writing, use the BlueBook format: The Foreign Exchange Management Act, 1999, § 4 (India).

Law on Tips Editorial Board

Save as otherwise provided in this Act, no person resident in India shall acquire, hold, own, possess or transfer any foreign exchange, foreign security or any immovable property situated outside India.