Foreign Exchange - Law Dictionary Search Results
Wholly owned subsidiary abroad
with the laws and regulations of that country and whose entire capital is owned by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, s. 2 (h)] … country and whose entire capital is owned by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, s. 2 (h)]
Export
by whatever name called, and in the case of software, also includes transmission through any electronic media. [The Foreign Exchange Management (Export of Goods and Services Regulations, 2000, s. 2 (iv)] Means-- (i) taking goods, or providing services, … to a place outside India any goods, (ii) provision of services from India to any person outside India. [Foreign Exchange Management Act, 1989 (42 of 1999), s. 2(e)] With its grammatical variations and cognate expressions, means taking out
Adjudicating authority
authority, means an officer appointed by the Central Government under sub-s. (1) of s. 16 of the Act. [Foreign Exchange Management (Adjudica-tion Proceedings and Appeal Rules, 2000), R. 2 (b)] (ii) Means an officer authorised under sub-s. (1) … and Appeal Rules, 2000), R. 2 (b)] (ii) Means an officer authorised under sub-s. (1) of s. 16. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (a)] (iii) Means any authority competent to pass any order
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Resident in India
Resident in India, the intention of the Legislature was plainly to prohibit all transactions in foreign exchange by persons who are residents of India whether such transactions take place during their actual residence in India … of India', Shanti Prasad Jain v. Director of Enforcement, AIR 1962 SC 1764 (1778): (1963) 2 SCR 297. [Foreign Exchange Regulation Act, (7 of 1947), s. 4(1)]
Direct investment outside India
does not include portfolio investment or investment through stock exchange or by private placement in that entity. [The Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2000, s. 2 (e)]
Noting
exchange, neither noting nor protesting is necessary, the case is widely different in the case of a dishonoured foreign bill, which should certainly be taken to a notary the day it is refused acceptance or payment, and
Foreign contribution
Matched in: Term Foreign contribution
Import
s. 2(g)] Import, with its grammatical variations and cognate expressions, means bringing into India any goods or services. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2(p)] Import means (i) bringing goods or receiving services, in a
Foreign Currency Convertible Bond
Matched in: Term Foreign Currency Convertible Bond
Full amount payable by the foreign buyer in resect of the goods
Matched in: Term Full amount payable by the foreign buyer in resect of the goods
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