Act Number: 42

Act Name: The Foreign Exchange Management Act, 1999

Year: 1999

Enactment Date: 1999-12-29

Long Title: An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 21: Qualifications, for appointment of Special Director (Appeals).
    1 [21. Qualifications, for appointment of Special Director (Appeals).--A person shall not be qualified for appointment as a Special Director (Appeals) unless he--
         (a) has been a member of the Indian Legal Service and has held a post in Grade I of that Service; or
         (b) has been a member of the Indian Revenue Service and has held a post equivalent to a Joint Secretary to the Government of India.]
Notes:
1. Subs. by Act 7 of 2017, s. 165, for section 21 (w.e.f. 26-5-2017).
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