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In forceACT NO. VII OF 1947 · 11th March, 1947

The Foreign Exchange Regulation Act, 1947

বৈদেশিক মুদ্রা নিয়ন্ত্রণ আইন, ১৯৪৭

An Act to regulate certain payments, dealings in foreign exchange and securities and the import and export of currency and bullion.♣

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Contents

  1. PreamblePreamble
  2. Section 1Short title, extent and commencementa
  3. Section 2Interpretation
  4. Section 3Authorised dealers in foreign exchange
  5. Section 4Restrictions on dealing in foreign exchange
  6. Section 5Restrictions on payment
  7. Section 6Blocked accounts
  8. Section 7Special accounts
  9. Section 8Restrictions on import and export of certain currency and bullion
  10. Section 9Acquisition by Government of foreign exchange
  11. Section 10Duty of persons entitled to receive foreign exchange etc.
  12. Section 11Power to regulate the uses, etc., of imported gold and silver
  13. Section 12[ Receipts of proceeds for exported goods and services]
  14. Section 13Regulation of export and transfer of securities
  15. Section 14Custody of securities
  16. Section 15Restrictions on issue of bearer securities
  17. Section 16Acquisition by Government of foreign securities
  18. Section 17Restriction on settlement
  19. Section x18[Omitted]Repealed
  20. Section 18BRestriction on foreign companies
  21. Section 18Certain provisions as to companies
  22. Section 19APower of inspection
  23. Section 19Power to call for information
  24. Section 20Supplemental provisions
  25. Section 21Contracts in evasion of this Act
  26. Section 22False statements
  27. Section 22AGrant of immunity in certain cases
  28. Section 23Penalty and procedure
  29. Section 23ATribunal, its powers, etc.
  30. Section 24Burden of proof in certain cases
  31. Section 25Power to Government to give direction
  32. Section 26Bar of legal proceedings
  33. Section 27Power to make rules