Section 5, Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 [S1P-GSY]

As at 7 September 2026. In force from 10 October 1975 by S.O. 1979(E) [N11-Y7A].

In Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 [A10-QDV]. This text from 10 October 1975. No other text held.

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

Cite: Section 5, Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 [S1P-GSY]. Machine: S1P-GSY.

5. Prohibition of the holding of foreign exchange without licence.—No person shall undertake the holding of foreign exchange except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the holding of foreign exchange undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 24, Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 [S1P-HCN], 5 December 1974, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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