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Section 4 - Holding of foreign exchange, etc : Foreign Exchange Management Act 1999

What are the Rules regarding Holding of foreign exchange, etc? Section 4 of FEMA Act 1999




Section 4 of Foreign Exchange Management Act 1999 : "Holding of foreign exchange, etc"

4. Save as otherwise provided in this Act, no person resident in India shall acquire, hold, own, possess or transfer any foreign exchange, foreign security or any immovable property situated outside India.

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