Foreign exchange definitions: tie terms to the Foreign Exchange Management Act clarifying regulatory scope for securities issuance. The Regulations designate the Act as the Foreign Exchange Management Act, 1999 and provide that any words and expressions used but not defined in the ... Summary
Foreign exchange definitions: tie terms to the Foreign Exchange Management Act clarifying regulatory scope for securities issuance.
The Regulations designate the Act as the Foreign Exchange Management Act, 1999 and provide that any words and expressions used but not defined in the Regulations shall have the same meanings respectively assigned to them in the Act, thereby incorporating the Act's terminology and interpretive framework into the Rules governing issuance of securities in India by branches, offices or agencies of persons resident outside India.
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