Foreign Exchange Management Act, 1999 [A11-6AK]

As at 7 September 2026. In force from 27 August 1999.

Dates: made 27 August 1999; in force 27 August 1999; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: Foreign Exchange Management Act, 1999, Act 42 of 1999 [A11-6AK]. Machine: A11-6AK.

Sections (21)

Chapter I. PRELIMINARY

Chapter II. DIRECTOR GENERAL

Chapter III. OFFENCES AND PENALTIES

Section 1. Short title, extent and commencement [S20-11H]

Section 2. Definitions [S20-12Q]

Section 3. Appointment of Director General [S20-13N]

Section 4. Registration of developers [S20-14V]

Section 5. Prohibition of the holding of foreign exchange without licence [S20-15S]

Section 6. Grant of licence [S20-16Z]

Section 7. Maintenance of records and furnishing of returns [S20-17X]

Section 8. Powers of adjudicating authority [S20-183]

Section 9. Power to issue directions [S20-191]

Section 10. Power to exempt [S20-1A7]

Section 11. Registration of importers [S20-1B5]

Section 12. Prohibition of the export of goods without licence [S20-1CB]

Section 13. Grant of licence [S20-1D9]

Section 14. Maintenance of records and furnishing of returns [S20-1EF]

Section 15. Penalty for contravention [S20-1FD]

Section 16. Offences by companies [S20-1GP]

Section 17. Appeal [S20-1HM]

Section 18. Cognizance of offences [S20-1JJ]

Section 19. Protection of action taken in good faith [S20-1KG]

Section 20. Power to make rules [S20-1MY]

Section 21. Power to remove difficulties [S20-1NW]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (2)

Amends: Foreign Exchange Management Act (Amendment) Act, 2005 [A11-9W3], 17 May 2005. "section 17 of the Foreign Exchange Management Act, 1999 (42 of 1999)".

Exempts: Notification S.O. 167(E), dated 12th July, 2005 [N12-CB8], 12 July 2005. "section 4 of the said Act".

Not held (0)

none