Foreign exchange definitions clarify key terms governing borrowing and lending in foreign exchange and related accounts. Defines terminology for borrowing or lending in foreign exchange under the Foreign Exchange Management Act. Key terms specified include the Act, ... Summary
Foreign exchange definitions clarify key terms governing borrowing and lending in foreign exchange and related accounts.
Defines terminology for borrowing or lending in foreign exchange under the Foreign Exchange Management Act. Key terms specified include the Act, authorised dealer, EEFC, RFC, FCNR (B) and NRE accounts, the Schedule, "Indian entity", "Joint Venture abroad" and "Wholly owned subsidiary abroad"; words not defined in these Regulations take the meanings assigned in the Act.
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