COFEPOSA or the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act is an
Act of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of ...
passed in
1974 during administration of
Indira Gandhi, trying to
retain foreign currency and prevent
smuggling. It was an economic adjunct to the controversial
Maintenance of Internal Security Act
The Maintenance of Internal Security Act (MISA) was a controversial law passed by the Indian parliament in 1971 giving the administration of Prime Minister Indira Gandhi and Indian law enforcement agencies very broad powers – indefinite p ...
(MISA) which was enacted in 1971. Though MISA was repealed in 1978, this law is still in force.
COFEPOSA Act 1974 prescribes that the appropriate government shall establish advisory boards to assist the government on matters related to the detention of persons and prepare reports regarding the same. According to this section, the appropriate Government shall form an advisory board to perform the functions mentioned in clauses (4)(a) and (7)(c) of Article 22.
References
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External links
COFEPOSA articles from the Times of India
Indian business law
Economic history of India (1947–present)
Acts of the Parliament of India 1974
Smuggling in India
Indira Gandhi administration
Financial history of India
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