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of <h1>Foreign Exchange Management Act Clarifies Key Financial Terms with Precise Definitions for Transactions and Derivative Instruments</h1> Regulatory definitions for Foreign Exchange Management Act establish key terms including 'Act' referencing the 1999 legislation, 'Drawal' describing foreign exchange withdrawal methods, 'Transferable Development Rights' for land acquisition certificates, and introducing a new definition for 'Derivative' as a financial contract with future settlement based on variable values. Undefined terms default to meanings in the primary Act.
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