Foreign exchange deposit regulations set framework for cross-border deposits between residents and non residents and commencement rules. The Foreign Exchange Management (Deposits) Regulations, 2000 create a regulatory framework for deposits between a person resident in India and a person resident outside India, specify the instrument's title and commencement, and are issued under powers granted by the Foreign Exchange Management Act, 1999 to enable the central exchange control authority to prescribe terms and rules for cross border deposit transactions.
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange deposit regulations set framework for cross-border deposits between residents and non residents and commencement rules.
The Foreign Exchange Management (Deposits) Regulations, 2000 create a regulatory framework for deposits between a person resident in India and a person resident outside India, specify the instrument's title and commencement, and are issued under powers granted by the Foreign Exchange Management Act, 1999 to enable the central exchange control authority to prescribe terms and rules for cross border deposit transactions.
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