Home India Ministry of Finance In exercise of the powers conferred under sub section 1 of s...
Date: 2018-09-12 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under sub section 1 of section 36 of the Foreign Exchange Management Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, S.O. 4794(E), issued by the Ministry of Finance, Department of Revenue on September 12, 2018, amends notification S.O. 534(E), dated June 1, 2000, under the authority of subsection 1 of section 36 of the Foreign Exchange Management Act, 1999. The amendment inserts "a Principal Special Director of Enforcement" after "a Director of Enforcement." The notification is identified by F.No.K11022/45/2018-Ad.ED and is signed by Santosh Kumar, Under Secretary. The principal notification, S.O. 534(E), was last amended via S.O. 1247(E), F.No.K11022/80/2011-Ad.ED, dated May 30, 2012.

Key Entities Referenced

Foreign Exchange Management Act, 1999: A law enacted by the Parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. Ministry of Finance: A ministry in the Government of India responsible for the country's finances. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital city of India. Central Government: The executive authority of the Union of India. Santosh Kumar: Under Secretary in the Government of India. Director of Enforcement: A position within the enforcement agencies. Principal Special Director of Enforcement: A position within the enforcement agencies, senior to the Director of Enforcement.
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