Question : SPECIAL COURT FOR FERA CASES



(a) Whether the Government is contemplating to constitute special court for speedy disposal of Foreign Exchange Regulation Act (FERA) cases;

(b) if so, the details thereof; and

(c) if not, the reasons therefor?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) & (b) : No, Sir.

(c) : Since the Foreign Exchange Regulation Act, 1973, stands repealed and no fresh prosecution cases are filed under the repealed Act, it has not been felt necessary to constitute Special Courts at this stage.