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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Exchange Management Regulations Clarify Offshore Banking Unit Definitions Under FEMA 1999 Provisions</h1> The text defines key terms for Foreign Exchange Management (Offshore Banking Unit) Regulations, 2002. It specifies 'Act' as the Foreign Exchange Management Act of 1999, 'Offshore Banking Unit' as a bank branch in a Special Economic Zone with specific authorization, and 'Special Economic Zone' as an area notified by the Government of India. Undefined terms retain meanings from the original Act.
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