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of <h1>Definition of Foreign Security Under Section 2(o) of Foreign Exchange Management Act: Includes Shares, Bonds in Foreign Currency</h1> Foreign security, as defined under section 2(o) of the Foreign Exchange Management Act, 1999, encompasses any security including shares, stocks, bonds, debentures, or other instruments denominated or expressed in foreign currency. It also includes securities expressed in foreign currency, with the condition that redemption or returns such as interest or dividends are payable in Indian currency.
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