Foreign Currency - Law Dictionary Search Results
Home Dictionary Name: foreign currencyForeign Currency Convertible Bond
Foreign Currency Convertible Bond, (FCCB) means a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency. [Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2000, Reg. 2(g)]...
Foreign currency account
Foreign currency account, means the account held or maintained in currency other than the currency of India or Nepal or Bhutan. [Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000, Reg. 2 (iii)]...
Foreign currency
Foreign currency, means any currency other than Indian currency. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (m)]...
Foreign currency and foreign exchange
Foreign currency and foreign exchange, have the meanings respectively assigned to them in the Foreign Exchange Regulation Act, 1973. [Reserve Bank of India Act, 1934 (2 of 1934), s. 2 (bix)]...
Foreign exchange
Foreign exchange, means foreign currency and includes--(i) deposits, credits and balances payable in any foreign currency,(ii) drafts, travellers cheques, letters of credit or bills of exchange, expressed or drawn in Indian currency but payable in any foreign currency,(iii) drafts, travellers cheques, letters of credit or bills of exchange drawn by banks, institutions or persons outside India, but payable in Indian currency. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (n)]The process of making international monetary trans-actions; esp. the conversion of one currency to that of a different country, Black's Law Dictionary, 7th Edn....
Foreign exchange derivative contract
Foreign exchange derivative contract, means a financial transaction or an arrangement in what-ever form and by whatever name called, whose value in derived from price movement in one or more underlying assets, and includes:-(a) a transaction which involves at least one foreign currency other than currency of Nepal or Bhutan, or(b) a transaction which involves at least one interest rate applicable to a foreign currency not being a currency of Nepal or Bhutan, or(c) a forward contract, but does not include foreign exchange transaction for Cash or Tom or Spot deliveries. [Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, Reg. 2 (v)]...
Foreign security
Foreign security, means any security, in the form of shares, stocks, bonds, debentures or any other instrument denominated or expressed in foreign currency and includes securities expressed in for-eign currency, but where redemption or any form of return such as interest or dividends is payable in India currency. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (o)]...
Permitted currency
Permitted currency, means a foreign currency which is freely convertible. [Foreign Exchange Manage-ment (Manner of Receipt and Payment) Regula-tions, 2000, Reg. 2 (v)]...
Repatriation outside India
Repatriation outside India, means the buying or drawing of foreign exchange from an authorised dealer in India and remitting it outside India through normal banking channels or crediting it to an account denominated in foreign currency or to an account in Indian currency maintained with an authorised dealer from which it can be converted in Foreign currency. [Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, Reg. 2 (d)]...
Indian currency
Indian currency, 'Indian currency' means currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one rupee notes issued under s. 28A of the Reserve Bank of India Act, 1934. [Foreign Exchange Man-agement Act, 1999 (42 of 1999), s. 2(9)]...
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