Current account transactions. —A —Any person may sell or draw foreign exchange to or from an authorised perso… — THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999

Current account transactions. —A —Any person may sell or draw foreign exchange to or from an authorised person if such sale or drawal is a current account transaction:

5. Current account transactions. —A —Any person may sell or draw foreign exchange to or from an authorised 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.

Section 5