Definitions under receipt and payment regulations adopt statutory meanings and incorporate the amended definition of Authorised Bank. Definitions for the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 adopt the meaning of the Foreign Exchange Management ... Summary
Definitions under receipt and payment regulations adopt statutory meanings and incorporate the amended definition of Authorised Bank.
Definitions for the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 adopt the meaning of the Foreign Exchange Management Act, 1999 for "Act" and incorporate the definition of "Authorised Bank" from the Foreign Exchange Management (Deposit) Regulations, 2016, as amended. Undefined terms carry the meanings assigned under the Foreign Exchange Management Act, 1999.
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