Bare ActsForeign Exchange Regulation Act, 1973

Section 22

Restrictions on issue of bearer securities

Amendment status not verified — confirm the current text below against the official source.

[x x x x] Except with the general or special permission of the Reserve Bank no person shall, in India, and no person resident in India shall, outside India, create or issue any bearer certificate or coupon or so alter any document that it becomes a bearer certificate or coupon. The words "The Central Government may, by notification in the Official Gazette, order that" omitted by Act 29 of 1993, sec. 10 (w.e.f. 08/01/1993).

Section 22 – Foreign Exchange Regulation Act, 1973 | DailyLaw.ai