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Union of India - Section

Section 2 in The Foreign Exchange Management (Possession And Retention Of Foreign Currency) Regulations, 2000

2. Definitions .-In these regulations, unless the context requires otherwise,--

(i)"Act" means the Foreign Exchange Management Act, 1999 (42 of 1999);
(ii)"to possess" or "to retain" means to possess or to retain in physical form and the words "possession" or "retention" shall be construed accordingly;
(iii)the words and expressions used but not defined in these regulations shall have the same meanings respectively assigned to them in the Act.