Regulation 2 - Definitions - Foreign Exchange Management (Crystallization of Inoperative Foreign Currency Deposits) Regulations, 2014

Definitions 2. In these regulations unless the context otherwise requires : (i) Act means the Foreign Exchange Management Act, 1999(42 of l999) ; (ii) Authorised Bank means a bank including a cooperative bank (other than an authorised dealer) authorised by the Reserve Bank to maintain an account of a person resident outside India; (iii) Authorised Dealer means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Act ; (iv) Crystallisation means conversion of credit balances in any inoperative foreign currency denominated deposit to Indian Rupee. (v) Deposit means and includes account balances or deposit of money with an Authorised bank.