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