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[Section 7] [Complete Act]
Central Government Act
Section 7(2) in The Foreign Exchange Regulation Act, 1973
(2) An authorisation under this section shall be in writing and-
(i) may authorise dealings in all foreign currencies or may be restricted to authorising dealings in specified foreign currencies only;
(ii) may authorise transactions of all descriptions in foreign currencies or may be restricted to authorising specified transactions only;
(iii) may be granted with respect to a particular place where alone the money- changer shall carry on his business;
(iv) may be granted to be effective for a specified period, or within specified amounts;
(v) may be granted subject to such conditions as may be specified therein.