https://www.taxtmi.com/acts?id=19368 The Regulations define key terms: Financial Institution is broadly inclusive of corporate and non-corporate entities and artificial juridical persons rendering financial services or conducting financial transactions, with an illustrative non-exhaustive list of typical entities. Financial service is framed by activities authorised under relevant statutes or regulatory authority; Financial transaction covers payments, receipts, negotiable instruments, transfers of securities and acknowledgements of debt. Undefined terms are to carry the meanings assigned in the Act, and the definition of International Financial Services Centre is adopted from the Special Economic Zones legislation. en-us Fri, 27 Mar 2015 11:33:48 +0530 Tue, 17 Jun 2025 18:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19368 The Regulations define key terms: Financial Institution is broadly inclusive of corporate and non-corporate entities and artificial juridical persons rendering financial services or conducting financial transactions, with an illustrative non-exhaustive list of typical entities. Financial service is framed by activities authorised under relevant statutes or regulatory authority; Financial transaction covers payments, receipts, negotiable instruments, transfers of securities and acknowledgements of debt. Undefined terms are to carry the meanings assigned in the Act, and the definition of International Financial Services Centre is adopted from the Special Economic Zones legislation. Act-Rules FEMA Fri, 27 Mar 2015 11:33:48 +0530 https://www.taxtmi.com/acts?id=19368