Remittance of assets regulations govern outbound transfers of Indian assets and replace the earlier regulatory framework. Foreign Exchange Management (Remittance of Assets) Regulations, 2016 regulate remittance outside India of assets situated in India by persons resident in ... Summary
Remittance of assets regulations govern outbound transfers of Indian assets and replace the earlier regulatory framework.
Foreign Exchange Management (Remittance of Assets) Regulations, 2016 regulate remittance outside India of assets situated in India by persons resident in India or otherwise. They supersede the earlier remittance-of-assets framework and take effect upon publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.