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Regulation 2 - Regulation - FEMA - Regulation 2 - 2. :- In these Regulations unless the context requires otherwise , - (a) Act shall mean the Foreign Exchange Management Act, 1999 (42 of 1999); (b) Financial Institution shall include i. a company, or .....

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inancial transactions. Explanation: For the purpose of this sub-regulation, and without any loss of generality of the above, the expression financial institution shall include banks, non-banking financial companies, insurance companies, brokerage fir .....

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ies a financial institution is allowed to carry out as specified in the respective Act of the Parliament or by the Government of India or by any Regulatory Authority empowered to regulate the concerned financial institution. (d) Financial transaction .....

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edging any debt. (e) FMC shall mean the Forward Market Commission established under the Forward Contracts (Regulation) Act, 1952 (74 of 1952). (f) International Financial Services Centre or IFSC shall have the same meaning given in Section 2 (q) of t .....

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