Start learning →

Under s.6(4), a resident may keep foreign property acquired when he was

AA minor in India
BA company director
CA trader in India
DResident outside India
Answer & Solution
Correct answer: D. Resident outside India
Section 6(4) lets a resident hold foreign currency, security or property acquired while resident outside India, or inherited from such a person.
Practise this question with Quill — CA Final →

Keep practising Foreign Exchange Management Act 1999

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

Start a Foreign Exchange Management Act 1999 lesson →
Related questions