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of <h1>Foreign Entity Asset Remittance Requires Comprehensive Documentation and Authorized Dealer Approval Under RBI Guidelines</h1> A foreign entity with a branch or office in India seeking to remit assets or winding up proceeds must apply to an Authorized Dealer. The application requires documentation including Reserve Bank permission, an auditor's certificate verifying assets, liabilities, regulatory compliance, and employee benefits, a confirmation of no pending legal proceedings, and a Registrar of Companies report. The Authorized Dealer may permit remittance subject to Reserve Bank directions.
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