Interpretative definitions for non-debt instrument payments and reporting adopt statutory meanings for undefined expressions across the framework. Regulation 2 defines the Act and Rules applicable to the mode of payment and reporting of non-debt instruments. Unless the context requires otherwise, ... Summary
Interpretative definitions for non-debt instrument payments and reporting adopt statutory meanings for undefined expressions across the framework.
Regulation 2 defines the Act and Rules applicable to the mode of payment and reporting of non-debt instruments. Unless the context requires otherwise, words and expressions not separately defined carry the meanings respectively assigned to them under the Foreign Exchange Management Act, 1999, or the Foreign Exchange Management (Non-Debt Instrument) Rules, 2019.
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