Supreme Court of India
First Global Stockbroking Pvt. Ltd. & Ors. v. Anil Rishiraj & Anr.
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From the headnote
Issue for consideration: Whether the Enforcement Offi cer appointed under FERA, 1973 continued to have the authority or competence to fi le a complaint for the off ences punishable under FERA before the expiry of the sunset period provided in sub-section (3) of s.49 of FEMA, 1999. Foreign Exchange Management Act, 1999 – Foreign Exchange Regulation Act, 1973 – On 11.02.2002, the fi rst respondent, who was an Enforcement Offi cer appointed under clause (e) of s.3 of FERA, fi led a complaint against the appellants for various off ences punishable under FERA and s.120- of IPC – Cognizance taken by the
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