Exchange Control Act, 1954

PART III.

Payments.

Restrictions on payments to persons resident outside the scheduled territories.

5.—Except with the permission of the Minister, a person shall not—

(a) make, or commit himself to make, any payment to or by the order of or on behalf of any person resident outside the scheduled territories, or

(b) place, or promise to place, any sum to the credit of any person so resident.