law: Foreign Exchange Management Act, 1999 
  40. Suspension of operation of this Act 
  (1) If the Central Government is satisfied that circumstances
  
  have arisen rendering it necessary that any permission granted or restriction
  
  imposed by this Act should cease to be granted or imposed, or if it considers
  
  necessary or expedient so to do in public interest, the Central Government may,
  
  by notification, suspend or relax to such extent either indefinitely or for
  
  such period as may be notified, the operation of all or any of the provisions
  
  of this Act.
  (2) Where the operation of any provision of this Act has under
  
  sub-section (1) been suspended or relaxed indefinitely, such suspension or
  
  relaxation may, at any time while this Act remains in force, be removed by the
  
  Central Government by notification.
  (3) Every notification issued under this section shall be laid,
  
  as soon as may be after it is issued, before each House of Parliament, while it
  
  is in session, for a total period of thirty days which may be comprised in one
  
  session or in two or more successive sessions, and if, before the expiry of the
  
  session immediately following the session or the successive sessions aforesaid,
  
  both Houses agree in making any modification in the notification or both Houses
  
  agree that the notification should not be issued, the notification shall
  
  thereafter have effect only in such modified form or be of no effect, as the
  
  case may be; so, however, that any such modification or annulment shall be
  
  without prejudice to the validity of anything previously done under that
  
  notification.