Section 24 — Seizure of accounts or records

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Chapter VInspection, search and seizure

What this section provides

If, after inspecting an account or record under section 23, the inspecting officer has reasonable cause to believe that the Act or any other law relating to foreign exchange has been or is being contravened, he may seize the account or record and produce it before the court, authority or tribunal in which proceedings for the contravention are brought. The record must be returned if no proceeding is brought within six months of the seizure.

Related on Finin2min

Foreign Contribution (Regulation) Act, 2010 — hub homeForeign Contribution (Regulation) Rules, 2011 — instrument guideFCRA statutory forms and portal workflow registerNGO compliance hubIndian Trusts Act, 1882 hubSocieties Registration Act, 1860 hub

Primary official sources

← Section 23 — Inspection of accounts or records Section 25 — Seizure of article or currency or security received in co →

Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.