alleryStart learning →Under s.10(2), an authorisation must be
AGiven orally by RBI
BPrinted in newspapers
CValid for all time
DMade in writing
Answer & Solution
Correct answer: D. Made in writing
Section 10(2) states the authorisation shall be in writing and subject to the conditions laid down in it.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Final, or explore more Law topics.
Related questions
Notifications suspending the Act's operation are laid before Parliament for a total periodFEMA repealed which earlier Act?For s.42, a director in relation to a firm meansUnder s.42, he escapes liability if he proves no knowledge orUnder s.42, a person in charge of a company at the time of contravention isWho gives general directions to RBI under FEMA?Under s.37(3), enforcement officers exercise powers like those ofUnder s.37, investigation of a s.13 contravention is by officers not below