Foreign Exchange Management Act (FEMA)
An "Authorized Person" under FEMA, is a person who is authorized by Reserve Bank to deal in Foreign Exchange.
For being registered as an "Authorized Person", necessary application along with relevant documents has to be furnished to Reserve Bank.
An "Authorized Person" is also, not given a free hand to deal in foreign Exchange. He has to furnish details and information, to Reserve Bank from time to time as may be required by it.