What is Power of Central Government to give directions? Section 41 of FEMA Act 1999
41. For the purposes of this Act, the Central Government may, from time to time, give to the Reserve Bank such general or special directions as it thinks fit, and the Reserve Bank shall, in the discharge of its functions under this Act, comply with any such directions.
Section 41 - Power of Central Government to give directions
Section 42 - Contravention by companies
Section 43 - Death or insolvency in certain cases
Section 44 - Bar of legal proceedings
Section 45 - Removal of difficulties
Section 46 - Power to make rules
Section 47 - Power to make regulations
Section 48 - Rules and regulations to be laid before Parliament