Conservation of Foreign Exchange and Prevention of Smuggling Activities Act
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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 Major events in 1974 include the aftermath of the 1973 oil crisis and the resignation of United States President Richard Nixon following the Watergate scandal. In the Middle East, the aftermath of the 1973 Yom Kippur War determined politics; f ...
during administration of
Indira Gandhi Indira Priyadarshini Gandhi (; Given name, ''née'' Nehru; 19 November 1917 – 31 October 1984) was an Indian politician and a central figure of the Indian National Congress. She was elected as third prime minister of India in 1966 ...
, trying to retain foreign currency and prevent
smuggling Smuggling is the illegal transportation of objects, substances, information or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations. There are various ...
. 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 pre ...
(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 Though MISA was repealed in 1978, this law is still in force.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 {{India-law-stub