Section 5, Karnataka Industries (Facilitation) Act, 2002 [S2K-W5E]

As at 7 September 2026. In force from 26 December 2002.

In Karnataka Industries (Facilitation) Act, 2002 [A12-6C7]. This text from 26 December 2002. 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, Karnataka Industries (Facilitation) Act, 2002 [S2K-W5E]. Machine: S2K-W5E.

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 31, Karnataka Industries (Facilitation) Act, 2002 [S2K-WZZ], 26 December 2002, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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