The Foreign Exchange Management Act, 1999

Section 4 Holding of foreign exchange, etc

Chapter: II · Regulation and Management of Foreign Exchange
Text as on: As on 01 June 2026

4. Holding of foreign exchange, etc.—

Save as otherwise provided in this Act, no person resident in India shall acquire, hold, own, possess or transfer any foreign exchange, foreign security or any immovable property situated outside India.