alleryStart learning →Who may restrict current account transactions in public interest?
AEnforcement Directorate
BSEBI acting alone
CReserve Bank alone
DCentral Government
Answer & Solution
Correct answer: D. Central Government
The proviso to Section 5 gives this power to the Centre, acting in consultation with the Reserve Bank.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.
Related questions
Who may regulate a non-resident's setting up of a branch office in India?FEMA borrows the meaning of chartered accountant from:Contraventions under FEMA are treated as:Under FERA, an accused was presumed:FEMA aims at promoting orderly development and maintenance of the:A company receiving FDI files which annual FEMA return?Which of these falls within the meaning of currency in FEMA?Under FEMA, import means bringing into India: