# The Foreign Exchange Management Act, 1999, Section 5: Current account transactions

- 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/5/

## Text

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.

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