1.26
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Penalties
Adjudications and prosecutions for infringement of the provisions of FERA 1973 are made by the Enforcement Directorate set up by the Government of India under the Act. In terms of Section 73A of FERA 1973, Reserve Bank can also impose penalty on an authorised dealer without prejudice to the powers of the Enforcement Directorate.