INDIA FOREIGN EXCHANGE

 
 
 
 
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    India Foreign Exchange Info

     

    Foreign Contribution (Regulation) Act, 1976

    ...Definitions continued...

    (h) "prescribed" means prescribed by rules made under this Act;

    (i) "registered newspaper" means a newspaper registered under the Press and Registration of Books Act, 1867(25 of 1867);

    (j) "subsidiary" and "associate" have the meanings, respectively, assigned to them in the Companies Act, 1956(1 of 1956);

    (k) "trade union" means a trade union registered under the Trade Unions Act, 1926 (16 of 1926);

    Explanation: For the purposes of this Act, a corporation incorporated in a foreign country or territory shall be deemed to be a multi-national corporation if such corporation-

    (a) has a subsidiary or a branch or a place of business in two or more countries or territories; or

    (b) carries on business, or otherwise operates, in two or more countries or territories.

    (2) Words and expressions used herein and not defined but defined in the Foreign Exchange Regulation Act, 1973 (46 of 1973), have the meanings respectively assigned to them in that Act.

    (3) Words and expressions used herein and not defined in this Act or in the Foreign Exchange Regulation Act, 1973 (46 of 1973), but defined in the Representation of the People Act, 1950 (43 of 1950), or the Representation of the People Act, 1951 (43 of 1951), have the meanings respectively assigned to them in such Act.

     
     
     
     
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