Foreign Currency Account definitions clarify eligible currencies and reference the Act for undefined terms. Regulation 2 defines key terms: Act as the Foreign Exchange Management Act, 1999; Authorised dealer as a person authorised under the Act; Foreign Currency Account as an account denominated in a currency other than India, Nepal or Bhutan; Schedule as a schedule to the Regulations; and directs that words not defined here carry the meanings assigned in 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.
Foreign Currency Account definitions clarify eligible currencies and reference the Act for undefined terms.
Regulation 2 defines key terms: Act as the Foreign Exchange Management Act, 1999; Authorised dealer as a person authorised under the Act; Foreign Currency Account as an account denominated in a currency other than India, Nepal or Bhutan; Schedule as a schedule to the Regulations; and directs that words not defined here carry the meanings assigned in the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
