Definitions under FEMA compounding rules clarify key terms like Act, authorised officer, applicant, Compounding Order and Form.

Definitions set out key terms for compounding proceedings: Act means the Foreign Exchange Management Act, 1999; authorised officer is an officer authorised under the rules; applicant is a person applying to the compounding authority; Compounding Order is an order under the Act; Form means appended forms; "section" denotes sections of the Act, and undefined terms adopt their meanings in the Act.

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