11E.5
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Properties held at the commencement of the Act
In terms of Section 31(4), properties held since prior to 1st January 1974 i.e. the date of coming into force of FERA 1973, were required to be declared to Reserve Bank. Applications for the purpose were required to be made in form IPI 6. Holding licences have been issued by Reserve Bank on the basis of declarations received by it in terms of this provision