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Foreign Exchange Management Act - Law Dictionary Search Results

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Deposit

deposit of money with a bank company, proprietary concern, partnership firm, corporate body, trust or any other person. [Foreign Exchange Management (Deposit) Regulations, 2000, R. 2 (iv)] Defined, means aggregate of the unpaid balances due to a depositor (other … two sorts, conventional, or such as are made by the mere agreement of the parties, without any judicial act; and judicial, or such as are made by order of a Court in the course of some proceeding.

Liaison office

activity, directly or indirectly, and maintains itself out of inward remittances received from abroad through normal banking channel. [Foreign Exchange Management (Establishment in India of Branch or Office or Other Place of Business) Regulations, 2000, Reg. 2 (e)] … Liaison office, means a place of business to act as a channel of communication between the Principal place of business or Head Office by whatever name called

corporation

: small business corporation in this entry called also closely held corporation compare public corporation in this entry foreign corporation : a corporation organized under the laws of a state or government other than that in which … corporation in this entry moneyed corporation : a corporation (as a bank) authorized to engage in the investment, exchange, or lending of moneyed capital municipal corporation : a political unit created or otherwise given corporate status (as … corporation whose shares are held by a small number of individuals (as management) and not publicly traded ;specif : small business corporation in this entry … eminent domain) ;broadly : a public corporation (as a utility) created to act as an agency of administration and local self-government NOTE: As a result

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