Section 29(4)(c) in The Foreign Exchange Regulation Act, 1973

[Cites 0, Cited by 0] [Section 29(4)] [Section 29] [Entire Act]

Union of India - Subsection

Section 29(4)(c) in The Foreign Exchange Regulation Act, 1973

(c)Where an application has been rejected under clause (b), or where no application has been made under clause (a), the Reserve Bank may, if it is of opinion that it is expedient so to do for the purpose of conserving the foreign exchange, direct such person or company (including its branch) to sell or procure the sale of such shares:

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Union of India - Subsection

Section 29(4)(c) in The Foreign Exchange Regulation Act, 1973