Definitions
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....s Foreign Exchange Management Act, 1999, (42 of 1999); (b) "authorised dealer" means a person authorised as an authorised dealer under sub section (1) of section 10 of the Act; (c) "American Depository Receipt" (ADR) means a security issued by a bank or a depository in United States of America (USA) against underlying rupee shares of a company incorporated in India; (d) 'Core Activ....
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....ble Bond" (FCCB) means a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency; (h) "Form" means the form annexed to these Regulations; (i) "Global Depository Receipt"(GDR) means a security issued by a bank or a depository outside India against underlying rupee shares of a company incorporated in India;....
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....egulatory authority in Germany, France, Singapore or Japan.; (m) "Joint Venture (JV)" means a foreign entity formed, registered or incorporated in accordance with the laws and regulations of the host country in which the Indian party makes a direct investment; (n) "Mutual Fund" means a Mutual Fund referred to in clause (23D) of section 10 of the Income tax Act, 1961; (o) 'Net worth' ....




TaxTMI
TaxTMI