Section 16: Duty of persons entitled to receive foreign exchange, etc.-(1) No person who has a right to receive any foreign exchange or to receive from a person resident outside India a payment in rupees shall, except with the general or special permission of the Reserve Bank, do or refrain from doing anything, or take or refrain from taking any action, which has the effect of securing

Q: What does Section 16 of The Foreign Exchange Regulation Act, 1973 (FERA) deal with?

Section 16 FERA pertains to "Duty of persons entitled to receive foreign exchange, etc.-(1) No person who has a right to receive any foreign exchange or to receive from a person resident outside India a payment in rupees shall, except with the general or special permission of the Reserve Bank, do or refrain from doing anything, or take or refrain from taking any action, which has the effect of securing". It is part of the The Foreign Exchange Regulation Act, 1973, a legislation enacted by the Parliament of India. Section 16 of The Foreign Exchange Regulation Act, 1973 (FERA) governs duty of persons entitled to receive foreign exchange, etc.-(1) No person who has a right to receive any foreign exchange or to receive from a person resident outside India a payment in rupees shall, except with the general or special permission of the Reserve Bank, do or refrain from doing anything, or take or refrain from taking any action, which has the effect of securing. As verified on 19 May 2026.

Q: Is Section 16 FERA still in force?

Yes, Section 16 of the The Foreign Exchange Regulation Act, 1973 is currently in force across the Republic of India.

Q: What is धारा 16 FERA?

धारा 16 FERA is the Devanagari Hindi reference for Section 16 of the The Foreign Exchange Regulation Act, 1973. Section 16 of The Foreign Exchange Regulation Act, 1973 (FERA) governs duty of persons entitled to receive foreign exchange, etc.-(1) No person who has a right to receive any foreign exchange or to receive from a person resident outside India a payment in rupees shall, except with the general or special permission of the Reserve Bank, do or refrain from doing anything, or take or refrain from taking any action, which has the effect of securing. As verified on 19 May 2026.

Q: What is Dhara 16 FERA?

Dhara 16 FERA is the Roman Hindi reference for Section 16 of the The Foreign Exchange Regulation Act, 1973. "Dhara" means "Section" in Hindi. Section 16 of The Foreign Exchange Regulation Act, 1973 (FERA) governs duty of persons entitled to receive foreign exchange, etc.-(1) No person who has a right to receive any foreign exchange or to receive from a person resident outside India a payment in rupees shall, except with the general or special permission of the Reserve Bank, do or refrain from doing anything, or take or refrain from taking any action, which has the effect of securing. As verified on 19 May 2026.

Q: How to cite Section 16 of The Foreign Exchange Regulation Act, 1973?

Cite as: "Section 16, The Foreign Exchange Regulation Act, 1973 (FERA)" in legal briefs. For academic writing, use the BlueBook format: The Foreign Exchange Regulation Act, 1973, § 16 (India).

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that the receipt by him of the whole or part of that foreign exchange or payment is delayed, or

that the foreign exchange or payment ceases in whole or in part to be receivable by him.

(2)

Where a person has failed to comply with the requirements of sub-section (1) in relation to any foreign exchange or payment in rupees, the Reserve Bank may give to him such directions as appear to be expedient for the purpose of securing the receipt of the foreign exchange or payment, as the case may be.