Print View

[Section Index]

The Foreign Exchange Regulation Act, 1947

( ACT NO. VII OF 1947 )

Duty of persons entitled to receive foreign exchange etc.
10. (1) No person who has a right to receive any foreign exchange or to receive from a person resident outside Bangladesh a payment in Taka shall, except with the general or special permission of the Bangladesh Bank, do or refrain from doing any act with intent to secure-
 
 
 
 
(a) that the receipt by him of the whole or part of that foreign exchange or payment is delayed, or
 
 
 
 
(b) that the foreign exchange or payment ceases in whole or in part to be receivable by him.
 
 
 
 
(2) Where a person has failed to comply with the requirements of sub-section (1) in relation to any foreign exchange or payment in Taka, the Bangladesh Bank may give to him such directions as appear to be expedient for the purpose of securing the receipt of the foreign exchange or payment as the case may be.

Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs