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        FEMA

        Regulation 2 - Definitions

        Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016
        Chapter 01

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        Definitions of authorised dealer and authorised bank clarify eligible account types and residency-based deposit treatment. Regulation 2 defines key terms for the Regulations: the Act as the Foreign Exchange Management Act, 1999; Authorised Dealer as a person authorised under Section 10(1) of the Act; Authorised Bank as a bank authorised by the Reserve Bank to accept deposits from persons resident outside India; and account-types FCNR/NRE and SNRR as maintained under the Foreign Exchange Management (Deposits) Regulations, 2016. Terms not defined here carry the meanings assigned 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.

                          Definitions of authorised dealer and authorised bank clarify eligible account types and residency-based deposit treatment.

                          Regulation 2 defines key terms for the Regulations: the Act as the Foreign Exchange Management Act, 1999; Authorised Dealer as a person authorised under Section 10(1) of the Act; Authorised Bank as a bank authorised by the Reserve Bank to accept deposits from persons resident outside India; and account-types FCNR/NRE and SNRR as maintained under the Foreign Exchange Management (Deposits) Regulations, 2016. Terms not defined here carry the meanings assigned in the Act.


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