Bearer certificate means a certificate of title to securities, whose ownership can be transferred by mere delivery, whether with endorsement or not. In this sense, it is similar to a bearer cheque ie whoever has such a certificate can easily encash it without any other person's endorsement. Certificate of title to a security means any document used in the ordinary course of business as a proof of the possession or control of the security or authorizing or purporting to authorize, either by endorsement or by delivery the possessor of the document to transfer or receive the security thereby representated. Coupon means the coupon representing the dividends or interest on a security. Eg Dividend warrants Currency includes all coins, currency notes, bank notes, postal notes, postal orders, money orders, cheques, drafts, traveller's cheques, letters of credit, bills of exchange and promissory notes.
Foreign currency means any currency other than Indian currency.
All deposits, credits and balances payable in any foreign currency and any drafts, traveller's cheques, letters of credit and bills of exchange expressed or drawn in Indian currency but payable in any foreign currency. Any instrument payable at the option of the drawee or the holder thereof or any other party, either in Indian currency or in foreign currency or partly in one and partly in the other. Foreign security means any security created or issued outside India and any security, the principal of or the interest on which is payable in any foreign currency or is payable outside India. Indian currency means the currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one rupee notes issued under section 28A of the Reserve Bank of India Act, 1934. Such Rupee One notes are issued by the Ministry of Finance.