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        FEMA

        Regulation 2 - Definitions

        Foreign Exchange Management (Realisation, Repatriation And Surrender of Foreign Exchange) Regulations, 2000

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        Definition of surrender clarifies sale of foreign exchange for rupees and frames authorised dealers' obligations under FEMA. Defines core terms: Act means the Foreign Exchange Management Act; Authorised dealer means a person authorised under Section 10(1) of the Act; Foreign exchange due means an amount a person has a right to receive or claim in foreign exchange; Surrender means selling foreign exchange to an authorised person in India in exchange for rupees; undefined terms adopt meanings from the Act.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Definition of surrender clarifies sale of foreign exchange for rupees and frames authorised dealers' obligations under FEMA.

                                Defines core terms: Act means the Foreign Exchange Management Act; Authorised dealer means a person authorised under Section 10(1) of the Act; Foreign exchange due means an amount a person has a right to receive or claim in foreign exchange; Surrender means selling foreign exchange to an authorised person in India in exchange for rupees; undefined terms adopt meanings from the Act.


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