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Adjudicating Authority under FEMA is empowered to hold inquiries on a complaint by:
AAny person in India
BThe Income Tax Department
CAn officer of the Directorate of Enforcement
DSEBI alone
Answer & Solution
Correct answer: C. An officer of the Directorate of Enforcement
1. Section 16 of FEMA — Adjudicating Authority inquires into contraventions on a complaint filed in writing by an authorised officer of the Directorate of Enforcement.
2. Personal hearing is given to the alleged contravener.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — FEMA 1999_