Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Remittances after death: authorised dealers may remit to overseas nominees; resident nominees require Reserve Bank approval. On the death of a foreign currency account holder, authorised dealers may remit to an overseas nominee the nominee's share; an India resident nominee ... Summary
Remittances after death: authorised dealers may remit to overseas nominees; resident nominees require Reserve Bank approval.
On the death of a foreign currency account holder, authorised dealers may remit to an overseas nominee the nominee's share; an India resident nominee seeking to remit funds abroad to meet the deceased's liabilities must apply to the Reserve Bank for approval; a resident nominee of an account held outside India must close the account and bring the proceeds back to India via banking channels.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.