Foreign Exchange - Law Dictionary Search Results
Home Dictionary Name: foreign exchangeForeign 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 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 due
Foreign exchange due, means the amount whicha person has a right to receive or claim in foreign exchange. [Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000, Reg. 2 (iii)]...
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)]...
Registered Foreign Institutional Investor (FII)
Registered Foreign Institutional Investor (FII), means a foreign institutional investor registered with Securities and Exchange Board of India. [For-eign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, Reg. 2 (vi)]...
Foreign contribution
Foreign contribution, means the donation, delivery or transfer made by any foreign source--(i) of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees.(ii) of any currency, whether Indian or foreign;(iii) of any foreign security as defined in clause (i) of s. 2 of the Foreign Exchange Regulation Act, 1973. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2(1)(c)]...
Foreign 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)]...
Full amount payable by the foreign buyer in resect of the goods
Full amount payable by the foreign buyer in resect of the goods, the expression 'the full amount payable by the foreign buyer in respect of the goods' occurring in clause (b) would mean merely the total amount which is due from the foreign buyer in respect of the goods actually exported; and what would be due from a foreign buyer has to be merely the price which he has agreed to pay and not any fanciful, unreal or inflated price which the exporter may choose to falsely incorporate in the invoice with any ulterior motives. Director, Enforce-ment Directorate v. Krishnaswamy, AIR 1979 SC 1969 (1971). [Foreign Exchange Regulation Act, 1947, s. 12(2)]...
Foreign company
Foreign company. Every Company incorporated outside the United Kingdom, which has a place of business in the United Kingdom, has to comply with certain regulations laid down by Part XI., ss. 343-352 of the Companies Act, 1929. The regulations relate, inter alia, to the registration with the registrar of companies of a copy or translation of the instrument and regulations constituting the company, a list of directors with the statutory particulars and the names and addresses of one or more residents in Great Britain for service of notices and process on the company, and other important provisions. Companies incorporated in a British possession are empowered to hold land in the United Kingdom without prejudice to their powers by virtue of registration in Northern Ireland (s. 345). Special regulations are made for companies incorporated in the Channel Islands and the Isle of Man (s. 343).The general provisions of the Companies Act, 1929, relating to charges on property in England and on p...
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)]...
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