Section 25, Karnataka Industries (Facilitation) Act, 2002 [S2K-WSK]
As at 7 September 2026. In force from 26 December 2002.
25. Registration of persons resident in India.—(1) Every person resident in India shall, within thirty days from the commencement of this Act or, where such person begins the holding of foreign exchange after such commencement, within thirty days from the date of such beginning, make an application for registration to the Director General in Form ANF-3A, accompanied by a fee of five thousand rupees. (2) The Director General shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No person resident in India shall carry on the holding of foreign exchange unless registered under this section.
Defined terms in this text (3)
Director General: Section 2, Karnataka Industries (Facilitation) Act, 2002 [S2KW20] (In this Act, unless the context otherwise requires,—): "Director General" means the Director General of Foreign Trade appointed under this Act
Director General: 30 more definitions.
person resident in India: Section 2, Karnataka Industries (Facilitation) Act, 2002 [S2KW20] (In this Act, unless the context otherwise requires,—): "person resident in India" means a person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year
person resident in India: 3 more definitions.
prescribed: Section 2, Karnataka Industries (Facilitation) Act, 2002 [S2KW20] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Made under this section, or naming it (0)
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