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of <h1>Regulations define key terms including 'Act', 'authorised dealer', 'foreign currency account', and add IFSC definition</h1> Defines key terms for these Regulations: 'Act' means the Foreign Exchange Management Act; 'authorised dealer' means a person authorised under the Act to deal in foreign exchange; 'foreign currency account' means an account held or maintained in a currency other than the currency of India, Nepal or Bhutan; 'IFSC' adopts the meaning given in the International Financial Services Centres Authority Act; 'Schedule' means the schedule to these Regulations; and words not defined here have the meanings assigned in the Act. An amendment inserted the IFSC definition.
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