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        FEMA

        Regulation 2 - Definitions

        Foreign Exchange Management (Remittance of Assets) Regulations, 2016
        Chapter 01

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        Remittance of asset rules clarify outward transfer scope and definitions affecting authorised dealers and non-resident status. Definitions establish that key terms derive from the Foreign Exchange Management Act and related Deposit Regulations. Authorised Dealer means a person authorised under the Act; Non-Resident Indian and Person of Indian Origin adopt meanings from the Deposit Regulations. Remittance of asset covers outward transfers of funds representing deposits, provident or superannuation balances, insurance claim or maturity proceeds, and sale proceeds of shares, securities, immovable property or other assets held in India, in accordance with the Act and its rules or regulations.
                      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 asset rules clarify outward transfer scope and definitions affecting authorised dealers and non-resident status.

                            Definitions establish that key terms derive from the Foreign Exchange Management Act and related Deposit Regulations. Authorised Dealer means a person authorised under the Act; Non-Resident Indian and Person of Indian Origin adopt meanings from the Deposit Regulations. Remittance of asset covers outward transfers of funds representing deposits, provident or superannuation balances, insurance claim or maturity proceeds, and sale proceeds of shares, securities, immovable property or other assets held in India, in accordance with the Act and its rules or regulations.


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