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of <h1>Foreign Exchange Management Act 1999 defines key terms for borrowing and lending regulations including authorized dealers and currency accounts</h1> These regulations establish definitions for foreign exchange borrowing and lending under the Foreign Exchange Management Act, 1999. Key terms include authorized dealer as a person authorized under section 10 of the Act, various foreign currency accounts (EEFC, RFC, FCNR(B), NRE), Indian entity as companies or firms in India, joint venture abroad as foreign concerns with Indian investment, and wholly owned subsidiary abroad as foreign entities entirely owned by Indian entities. Undefined terms carry meanings from the parent Act.
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