Definition of "Currency", 2015

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..... mber 29, 2015 notified vide G.S.R. No.1008 (E) dated December 29, 2015 , which supersedes the Notification No. FEMA 15/2000-RB. 2. Synopsis of the new regulations is given as under: Debit cards, ATM cards or any other instrument which can be used to create a financial liability may be defined as currency. 3. The new regulations have been notified vide Notification No. FEMA. 15(R)/2015- .....

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