FOREIGN EXCHANGE MANAGEMENT (FOREIGN CURRENCY ACCOUNTS BY A PERSON RESIDENT IN INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Foreign Currency Accounts By A Person Resident In India) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (FOREIGN CURRENCY ACCOUNTS BY A PERSON RESIDENT IN INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Foreign Currency Accounts By A Person Resident In India) Regulations, 2000
Nominee remittances: authorised dealers may remit deceased account funds to non resident nominees; resident nominees need Reserve Bank approval. Regulation 10 permits an authorised dealer to remit to a nominee resident outside India the nominee's share from a deceased foreign currency ... Summary
Nominee remittances: authorised dealers may remit deceased account funds to non resident nominees; resident nominees need Reserve Bank approval.
Regulation 10 permits an authorised dealer to remit to a nominee resident outside India the nominee's share from a deceased foreign currency accountholder's account; a nominee resident in India who desires to remit his share abroad to meet the deceased's liabilities must apply to the Reserve Bank for such remittance.
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