Section 5, Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 [S1W-QP6]

As at 7 September 2026. In force from 2 July 1992 by S.O. 1439(E) [N12-5VC].

In Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 [A11-17N]. This text from 2 July 1992. 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, Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 [S1W-QP6]. Machine: S1W-QP6.

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 12, Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 [S1W-QXG], 25 October 1991, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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