Regulation 2 - Definitions - Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016

2. Definitions : In these Regulations, unless the context requires otherwise, - (i) 'Act' means the Foreign Exchange Management Act, 1999 (42 of 1999) ; (ii) 'Authorised Dealer' means a person authorized as an authorized dealer under subsection (1) of Section 10 of the Act (iii) 'Authorised Bank' means a bank, other than an authorized dealer, authorized by the Reserve Bank to accept deposits from persons resident outside India; (iv) 'FCNR / NRE account' means an FCNR or NRE account opened and maintained in accordance with the Foreign Exchange Management (Deposits) Regulations, 2016 ; 1 [ (v) SNRR account means a Special Non-Resident Rupee account referred to in sub. regulation (4) of regulation 5 of Foreign Exchange Management (Deposit) Regulations, 2016. ] The words and expressions used but not defined in these Regulations shall have the same meaning respectively assigned to them in the Act. ********** NOTES:- 1. Inserted Vide Notification No. FEMA 14(R)/(1)/2019-RB dated 13-11-2019