Foreign Exchange Management Act - Law Dictionary Search Results
Currency
and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (h)]
To possess or to retain
to possess or to retain in physical form and the words 'possession' or 'retention' shall be construed accordingly. [Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000, Reg. 2 (ii)] To provide for regulating or prohibiting production … power to 'provide for regulating or prohibiting production, supply and distribution' conferred by the Essential Supplies (Temporary Powers) Act, 1946 on the Central Government included the power to regulate or prohibit by issuing directions to a particular
Person
any of the preceding sub-clauses, and (vii) any agency, office or branch owned or controlled by such person. [Foreign Exchange Management Act, 1999, s. 2(u)] Person, includes a firm, Goverdhan Das Radhey Lal v. C.I.T., Uttar Pradesh, Central Province and
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Legal practitioner
meaning assigned to it in clause (i) of sub-section (1) of section 2 of the Advocates Act, 1961. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (r)]
Qualified institutional buyer
making investment on behalf of mutual fund or provident fund or gratuity fund or pension fund or a foreign institutional investor registered under the Securities and Exchange Board of India Act, 1992 or regulations made thereunder, or … means a financial in-stitution, insurance company, bank, State financial corporation, State industrial development corpora-tion, trustee or any asset management company making investment on behalf of mutual fund or provident fund or gratuity fund or pension fund or
Capital account transaction
in India of persons resident outside India, and includes transactions referred to in sub-s. (3) of s. 6. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2(e)]
A person of Indian origin
grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955. [Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, R. 2 (c)]
Remittance of asset
asset held in India in accordance with the provisions of the Act or rules or regulations made thereunder. [Foreign Exchange Management (Remittance of Assets) Regulations, 2000, R. 2 (v)]
Foreign company
Matched in: Term Foreign company
Forward contract
Forward contract, means a transaction involving delivery, other than Cash or Tom or Spot delivery, of foreign exchange. [Foreign Exchange Manage-ment (Foreign Exchange Derivative Contracts) Regulations, 2000, R. 2 (iv)] The expression 'forward contracts' in s. … means a transaction involving delivery, other than Cash or Tom or Spot delivery, of foreign exchange. [Foreign Exchange Manage-ment (Foreign Exchange Derivative Contracts) Regulations, 2000, R. 2 (iv)] The expression 'forward contracts' in s. 2(c) is construed … v. State of Madras, AIR 1967 SC 986 (989). [Forward Contracts (Regulation) Act, (74 of 1952), s. 2(c)] An agreement to buy or sell a
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