For a smaller demand, civil detention of a FEMA defaulter can last up to:
AOne year
BThree months
COne month
DSix months
Answer & Solution
Correct answer: D. Six months
Section 14(11)(b) limits detention to six months in every case not above one crore rupees.
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: