Definitions for foreign exchange adjudication and appeals clarify authorities, applicants, appellate bodies, and statutory meaning adoption. Rule 2 defines key terms for adjudication proceedings and appeals under the Foreign Exchange Management framework, including the Act, Adjudicating ... Summary
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Definitions for foreign exchange adjudication and appeals clarify authorities, applicants, appellate bodies, and statutory meaning adoption.
Rule 2 defines key terms for adjudication proceedings and appeals under the Foreign Exchange Management framework, including the Act, Adjudicating Authority, applicant, Appellate Tribunal, Form, Section, and Special Director (Appeals). An applicant is an aggrieved person who appeals before the Special Director (Appeals) or Appellate Tribunal. Terms not defined in these Rules but defined in the Foreign Exchange Management Act, 1999 retain their meanings under that Act.
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