A company is alleged to have contravened the provisions of the Foreign Exchange Management Act, 1999, and an inquiry into the contravention has to be held. Under Section 16 of the Act, the adjudicating authority for this purpose is:

Section 16(1) of the Foreign Exchange Management Act, 1999 provides for the appointment, by the Central Government, of officers of the Directorate of Enforcement as adjudicating authorities for holding an inquiry, upon a complaint, into any contravention of the Act or the rules, regulations, notifications, directions or orders made thereunder, such officers being not below the rank of Assistant Director. Where the adjudicating authority is satisfied that a contravention has occurred, it imposes the penalty prescribed by Section 13, namely up to three times the sum involved where the amount is quantifiable, or up to two lakh rupees where it is not. An appeal lies to the Special Director (Appeals) under Section 17. The Reserve Bank, civil judges and the Securities and Exchange Board are not adjudicating authorities under Section 16.