Section 37 of Foreign Exchange Management Act 1999 – Power of search, seizure, etc.
Section 37(1) of Foreign Exchange Management Act 1999
The Director of Enforcement and other officers of Enforcement, not below the rank of an Assistant Director, shall take up for investigation the contravention referred to in section 13.
Section 37(2) of Foreign Exchange Management Act 1999
Without prejudice to the provisions of sub-section (1), the Central Government may also, by notification, authorise any officer or class of officers in the Central Government, State Government or the Reserve Bank, not below the rank of an Under Secretary to the Government of India to investigate any contravention referred to in section 13.
Section 37(3) of Foreign Exchange Management Act 1999
The officers referred to in sub-section (1) shall exercise the like powers which are conferred on income-tax authorities under the Income-tax Act, 1961 (43 of 1961) and shall exercise such powers, subject to such limitations laid down under that Act.