Remittance of Assets regulations set rules for outward transfer of assets from India under foreign exchange law. Foreign exchange regulations under the statutory framework prescribe rules for remittance of assets in India to outside India by any person, resident or non-resident. The Reserve Bank, exercising its statutory authority, issues the Foreign Exchange Management (Remittance of Assets) Regulations, 2016, superseding the earlier notification and providing that the regulations shall come into force upon publication in the official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Remittance of Assets regulations set rules for outward transfer of assets from India under foreign exchange law.
Foreign exchange regulations under the statutory framework prescribe rules for remittance of assets in India to outside India by any person, resident or non-resident. The Reserve Bank, exercising its statutory authority, issues the Foreign Exchange Management (Remittance of Assets) Regulations, 2016, superseding the earlier notification and providing that the regulations shall come into force 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.
TaxTMI 
of 
Join Channel
TaxTMI 
