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        FEMA

        Regulation 2 - Definitions

        Foreign Exchange Management (Deposit) Regulations, 2016
        Chapter 01

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        Deposit definitions under FEMA clarify resident status and account types allowing regulated foreign currency and rupee holdings. Definitions frame deposit regulation by defining Deposit, Permissible currency, and non-resident account types-NRE, NRO, FCNR (B), and SNRR-and by identifying authorised banks and dealers; residential categories NRI and PIO are specified, with undeclared terms to be construed as in the Act.
                      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.

                            Deposit definitions under FEMA clarify resident status and account types allowing regulated foreign currency and rupee holdings.

                            Definitions frame deposit regulation by defining Deposit, Permissible currency, and non-resident account types-NRE, NRO, FCNR (B), and SNRR-and by identifying authorised banks and dealers; residential categories NRI and PIO are specified, with undeclared terms to be construed as in the Act.


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