FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT
Section 11: Transactions not permitted, etc.
Nothing in this Act shall be construed-(a) as permitting any unrestrained or general dealing in foreign currencies on terms inconsistent with the provisions of this Act;
(b) to imply that transactions relating to goods, services or items absolutely prohibited by any enactment or law may be conducted in the Market.
Cite this section
Section 11, FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT (1995).
https://repo.podus.ai/laws/foreign-exchange-monitoring-and-miscellaneous-provisions-act/section/11/