Regulation 2 - Definitions - Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000

2. Definitions :- In these Regulations, unless the context requires otherwise, - (a) ''Act'' means, the Foreign Exchange Management Act, 1999 (42 of 1999) ; (b) Drawal means drawal of foreign exchange from an authorised person and includes opening of Letter of Credit or use of International Credit Card or International Debit Card or ATM card or any other thing by whatever name called which has the effect of creating foreign exchange liability. (c) ''Schedule'' means a schedule to these Regulations; (d) ' Transferable Development Rights' means certificates issued in respect of category of land acquired for public purpose either by Central or State Government in consideration of surrender of land by the owner without monetary compensation, which are transferable in part or whole; 1 [(da) Derivative means a financial contract, to be settled at a future date, whose value is derived from one or more financial, or non-financial variables. ] (e) The words and expressions used but not defined in these Regulations shall have the same meanings respectively assigned to them in the Act. *********** Notes 1. Inserted vide NOTIFICATION G.S.R. 162(E) dated 26-02-2019