Section 5, Foreign Contribution (Regulation) Act, 2010 [S25-9RE]
As at 7 September 2026. In force from 12 February 2010.
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 19, Foreign Contribution (Regulation) Act, 2010 [S25-A6V], 12 February 2010, Band A. "section 5".
Not held (0)
none
Duties published under this section (0)
none