Indian Currency - Law Dictionary Search Results
Home Dictionary Name: indian currencyIndian 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)]...
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 currency
Foreign currency, means any currency other than Indian currency. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (m)]...
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)]...
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)]...
Batta, or Butta
Batta, or Butta discount. 'In revenue matters,' says Mr. Wilson in the Indian Glossary, 'the amount added to, or deducted from, any judgment according to the currency in which it is paid as compared with a fixed standard coin.'-Indian.Means a unit of the Force constituted as a battalion by the Central Government. [Border Security Force Act, 1968 (47 of 1968), s. 2 (1) (b)]Means a unit of the Force constituted as a battalion by the Central Government. [The Indo-Tibetan Boarder Police Force Act, 1992 (35 of 1992), s. 2(b).]...
VerbarSicca
A seal a coining die used adjectively to designate the silver currency of the Mogul emperors or the Indian rupee of 192 grains...
Goods
Goods, Computer programs are the product of an intellectual process, but once implanted in a medium they are widely distributed to computer owners. An analogy can be drawn to a compact-disc recording of an orchestral rendition. The music is produced by the artistry of musicians and in itself is not a 'good', but when transferred to a laser-readable disc it becomes a readily merchant-able commodity. Similarly, when a professor deliv-ers a lecture, it is not a good, but, when transcribed as a book, it becomes a good. That a computer program may be copyrightable as intellectual property does not alter the fact that once in the form of a floppy disc or other medium, the program is tangible, moveable and available in the marketplace. The fact that some programs may be tailored for specific purposes need not alter their status as 'goods' because the Code definition includes 'specially manufactured goods', Advent Systems Ltd. v. Unisys Corpn., 925 F. 2d 670 3dCir 1991. Associated Cement Compa...
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