Start learning →

Failure to pay a FEMA penalty within how many days of notice exposes a person to civil imprisonment?

A60 days
B180 days
C90 days
D30 days
Answer & Solution
Correct answer: C. 90 days
Section 14(1) makes non-payment within ninety days of the notice a ground for civil imprisonment.
Practise this question with Quill — CA Inter →

Keep practising Foreign Exchange Management Act 1999

Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.

Start a Foreign Exchange Management Act 1999 lesson →
Related questions