Foreign Exchange Management Act : Current account transactions. Indian Bare Acts :

Foreign Exchange Management Act,1999

Act No : 42

Section : Current account transactions.

5. Current account transactions.-Any person may sell or draw foreign exchange to or from an authorized person if such sale or drawal is a current account transaction: Provided that the Central Government may, in public interest and in consultation with the Reserve Bank, impose such reasonable restrictions for current account transactions as may be prescribed.