Regulation 2 - Definitions - Foreign Exchange Management (Borrowing or Lending In Foreign Exchange ) Regulations, 2000

2. Definitions:- In these regulations, unless the context otherwise requires - (a) Act means the Foreign Exchange Management Act, 1999 (42 of 1999);. (b) authorised dealer means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Act; (c) EEFC account , RFC account mean the accounts referred to in the Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000; (d) FCNR (B) account , NRE account mean the accounts referred to in the Foreign Exchange Management (Deposit) Regulations, 2000; (e) Indian entity means a company or a body corporate or a firm in India; (f) Joint Venture abroad means a foreign concern formed, registered or incorporated in a foreign country in accordance with the laws and regulations of that country and in which investment has been made by an Indian entity; (g) Schedule means the Schedule to these Regulations; (h) Wholly owned subsidiary abroad means a foreign concern formed, registered or incorporated in a foreign country in accordance with the laws and regulations of that country and whose entire capital is owned by an Indian entity; the words and expressions used but not defined in these Regulations shall have the same meaning respectively assigned to them in the Act.