Foreign Exchange Regulation Act, 1973 alongwith Rules , 1974

This authoritative volume compiles the full text of the Foreign Exchange Regulation Act, 1973 (FERA) together with the accompanying Rules, 1974, curated and annotated for clarity and usability. Designed for legal practitioners, academics and compliance professionals, the edition presents section-by-section notes, a concise amendment timeline, and indexed cross-references to case law and regulatory instruments where relevant (historical references). It covers essential topics such as prohibited dealings in foreign exchange, import/export of currency, controlled transactions, prior permissions, adjudication, penalties and arrest/prosecution provisions under the FERA framework. Useful practical material — including sample applications, archival forms, and checklists — helps readers navigate legacy compliance and litigation matters arising from the pre-FEMA era. The book explains how FERA’s stringent currency-control model operated, highlights the transition issues that led to its replacement by FEMA in 1999, and identifies which historical provisions may still inform ongoing disputes or archival research. Carefully indexed for quick lookup and edited for practice-oriented clarity, this volume is the go-to reference for anyone needing an authoritative, consolidated source of FERA 1973 and Rules 1974.