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Table of Contents

The Foreign Exchange Regulation Act, 1973

Chapter I — Full Text

Section 62

[Repealed]

[Section 62 — Repealed.]

Related Sections

Cognizance of offences .- [(1) Notwithstanding anything contained in section 29 of the Code of Criminal Procedure, 1973 (2 of 1974), it shall be lawful for any metropolitan magistrate and for any magistrate of the first class to pass a sentence of imprisonment for a term exceeding three years or of fine exceeding five thousand rupees on any person convicted of an offence punishable under section 56.]

Confiscation of currency, security, etc .-Any Court trying a contravention under section 56 and the adjudicating officer adjudging any contravention under section 51 may, if it or he thinks fit and in addition to any sentence or penalty which it or he may impose for such contravention, direct that any currency, security or any other money or property in respect of which the contravention has taken place shall be confiscated to the Central Government and further direct that the foreign exchange holdings, if any, of the person committing the contravention or any part thereof, shall be brought back into India or shall be retained outside India in accordance with the directions made in this behalf

Short title, extent, application and commencement .-(1) This Act may be called The Foreign Exchange Regulation Act, 1973

Definitions .-In this Act, unless the context otherwise requires,

Classes of officers of Enforcement .-There shall be the following classes of officers of Enforcement, namely:

Appointment and powers of officers of Enforcement .-(1) The Central Government may appoint such persons as it thinks fit to be officers of Enforcement

Judgments linked to Section 62

Printed from Law on Tips • The Foreign Exchange Regulation Act, 1973

PreviousSection 61

Table of Contents

The Foreign Exchange Regulation Act, 1973

Chapter I — Full Text

Section 62

[Repealed]

[Section 62 — Repealed.]

Related Sections

Cognizance of offences .- [(1) Notwithstanding anything contained in section 29 of the Code of Criminal Procedure, 1973 (2 of 1974), it shall be lawful for any metropolitan magistrate and for any magistrate of the first class to pass a sentence of imprisonment for a term exceeding three years or of fine exceeding five thousand rupees on any person convicted of an offence punishable under section 56.]

Confiscation of currency, security, etc .-Any Court trying a contravention under section 56 and the adjudicating officer adjudging any contravention under section 51 may, if it or he thinks fit and in addition to any sentence or penalty which it or he may impose for such contravention, direct that any currency, security or any other money or property in respect of which the contravention has taken place shall be confiscated to the Central Government and further direct that the foreign exchange holdings, if any, of the person committing the contravention or any part thereof, shall be brought back into India or shall be retained outside India in accordance with the directions made in this behalf

Short title, extent, application and commencement .-(1) This Act may be called The Foreign Exchange Regulation Act, 1973

Definitions .-In this Act, unless the context otherwise requires,

Classes of officers of Enforcement .-There shall be the following classes of officers of Enforcement, namely:

Appointment and powers of officers of Enforcement .-(1) The Central Government may appoint such persons as it thinks fit to be officers of Enforcement

Judgments linked to Section 62

Printed from Law on Tips • The Foreign Exchange Regulation Act, 1973

PreviousSection 61