Definitions under Foreign Exchange Management clarify key terms like Act, authorised dealer, Liberalised Remittance Scheme and TDR. Regulation 2 furnishes definitions for the Borrowing and Lending in Rupees Regulations by designating the Foreign Exchange Management Act, 1999 as the Act, equating terms like authorised dealer, authorised bank, NRI, and specified non-resident accounts to meanings in the Deposits Regulations, 2000, adopting housing finance terms from the National Housing Bank Act, recognising TDR as defined in the Permissible Capital Account Transactions Regulations, adding the Liberalised Remittance Scheme by RBI circular reference, and providing that undefined words take meanings from the Act.
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Definitions under Foreign Exchange Management clarify key terms like Act, authorised dealer, Liberalised Remittance Scheme and TDR.
Regulation 2 furnishes definitions for the Borrowing and Lending in Rupees Regulations by designating the Foreign Exchange Management Act, 1999 as the Act, equating terms like authorised dealer, authorised bank, NRI, and specified non-resident accounts to meanings in the Deposits Regulations, 2000, adopting housing finance terms from the National Housing Bank Act, recognising TDR as defined in the Permissible Capital Account Transactions Regulations, adding the Liberalised Remittance Scheme by RBI circular reference, and providing that undefined words take meanings from the Act.
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