An 'Authorised Person' under FEMA is:
Answer & Solution
Correct answer: C.
1. Section 2(c) of FEMA — 'authorised person' is defined widely to include ADs, money-changers, OBUs and any other person authorised by the RBI under Section 10(1).
2. Such persons are the gatekeepers for foreign-exchange transactions.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — FEMA 1999_