# The Foreign Exchange Management Act, 1999, Section 4: Holding of foreign exchange, etc

- Act: The Foreign Exchange Management Act, 1999 (Act 42 of 1999)
- In force from: 2000-06-01
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/fema/section/4/

## Text

Save as otherwise provided in this Act, no person resident in India shall acquire, hold, own, possess or transfer any foreign exchange, foreign security or any immovable property situated outside India.

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