Section 5, Foreign Trade (Development and Regulation) Act, 1992 [S1X-3GR]

As at 7 September 2026. In force from 21 June 1992.

In Foreign Trade (Development and Regulation) Act, 1992 [A11-1KR]. This text from 21 June 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, Foreign Trade (Development and Regulation) Act, 1992 [S1X-3GR]. Machine: S1X-3GR.

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)

none

Made under this section, or naming it (0)

none

Cited by (1)

Section 24, Foreign Trade (Development and Regulation) Act, 1992 [S1X-437], 21 June 1992, Band A. "section 5".

Not held (0)

none

Duties published under this section (0)

none