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        FEMA

        Regulation 2 - Definitions

        Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
        Chapter 01

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        Foreign Currency Account definition clarifies offshore account scope and authorised dealer role under foreign exchange regulations. Regulation 2 defines key terms for the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015: 'Act' means the Foreign Exchange Management Act, 1999; 'Authorised dealer' means a person authorised under the Act; 'Foreign Currency Account' means an account held or maintained in a currency other than the currency of India, Nepal or Bhutan; 'Schedule' means the schedule to these Regulations; undefined words have the meanings assigned in the Act; definition of 'International Financial Services Centre' is included by insertion.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Foreign Currency Account definition clarifies offshore account scope and authorised dealer role under foreign exchange regulations.

                            Regulation 2 defines key terms for the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015: 'Act' means the Foreign Exchange Management Act, 1999; 'Authorised dealer' means a person authorised under the Act; 'Foreign Currency Account' means an account held or maintained in a currency other than the currency of India, Nepal or Bhutan; 'Schedule' means the schedule to these Regulations; undefined words have the meanings assigned in the Act; definition of 'International Financial Services Centre' is included by insertion.


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