means any cause or event, other than the unavailability of funds, which causes non-performance or delay in performance by the authorised entity claiming to be affected by such event, which are:
(i) beyond the reasonable control of, and could not have been anticipated or foreseeable by such entity,
and not brought about at the instance of such entity, or
(ii) which, if anticipated or foreseeable, could not have been avoided by such entity.
Illustrative list of “force majeure events” includes natural phenomena or calamities or any act of God ,
earthquakes, typhoons, floods, fires, explosions, wars declared or undeclared, hostilities, invasions,
blockades, acts of public enemy, sabotage, riots, strikes, insurrection, civil disturbances, Act of State or
direction from Statutory Authority, quarantine restriction, strikes and lockouts (as are not limited to the
establishments and facilities of the authorised entity).
means any cause or event, other than the unavailability of funds, which causes non-performance or delay in performance by the authorised entity claiming to be affected by such event, which are:
(i) beyond the reasonable control of, and could not have been anticipated or foreseeable by such entity,
and not brought about at the instance of such entity, or
(ii) which, if anticipated or foreseeable, could not have been avoided by such entity.
Illustrative list of “force majeure events” includes natural phenomena or calamities or any act of God ,
earthquakes, typhoons, floods, fires, explosions, wars declared or undeclared, hostilities, invasions,
blockades, acts of public enemy, sabotage, riots, strikes, insurrection, civil disturbances, Act of State or
direction from Statutory Authority, quarantine restriction, strikes and lockouts (as are not limited to the
establishments and facilities of the authorised entity).
or “FDI” means foreign direct investment as defined under paragraph (r) of rule 2 of the Foreign Exchange Management (Non-debt Instrument) Rules, 2019;
means a form specified by the Central Government from time to time;