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of <h1>Asset Transfer Limits: Reserve Bank Restricts Remittance of Indian Holdings Under Comprehensive Regulatory Framework</h1> The regulation prohibits remittance of assets held in India by any person, whether resident or non-resident, except when explicitly permitted by the Reserve Bank for sufficient reasons. The provision establishes a general restriction on transferring assets outside India, with a discretionary exception allowing the central bank to grant specific permissions based on compelling circumstances.
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