Foreign exchange definitions govern interpretation, tying 'Act' and 'Authorised Bank' to statutory meanings for payments. Definitions set the interpretive scope of the Foreign Exchange Management (Manner of Receipt and Payment) Regulations: Act means the Foreign Exchange ... Summary
Foreign exchange definitions govern interpretation, tying 'Act' and 'Authorised Bank' to statutory meanings for payments.
Definitions set the interpretive scope of the Foreign Exchange Management (Manner of Receipt and Payment) Regulations: Act means the Foreign Exchange Management Act and Authorised Bank is defined by reference to the deposit regulations; words not defined here carry the meanings assigned in the Act to ensure consistent interpretation of receipt and payment provisions.
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