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Section 41 - Power of Central Government to give directions : Foreign Exchange Management Act 1999

 

 

What is Power of Central Government to give directions? Section 41 of FEMA Act 1999

Section 41 of Foreign Exchange Management Act 1999 : "Power of Central Government to give directions"

41. For the purposes of this Act, the Central Government may, from time to time, give to the Reserve Bank such general or special directions as it thinks fit, and the Reserve Bank shall, in the discharge of its functions under this Act, comply with any such directions.

 

 

 

FEMA ACT 1999

Section 41 - Power of Central Government to give directions

Section 42 - Contravention by companies

Section 43 - Death or insolvency in certain cases

Section 44 - Bar of legal proceedings

Section 45 - Removal of difficulties

 

 

Section 46 - Power to make rules

Section 47 - Power to make regulations

Section 48 - Rules and regulations to be laid before Parliament

Section 49 - Repeal and saving

 

 

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