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of <h1>Authorized dealers can remit deceased account holder's funds to foreign nominees directly under Regulation 10</h1> Regulation 10 of FEMA Foreign Currency Accounts Regulations addresses fund remittances following an account holder's death. Authorized dealers may directly remit funds to nominees residing outside India according to their entitlement share. For nominees residing in India who wish to remit their share abroad to settle the deceased's foreign liabilities, prior approval from the Reserve Bank is required through formal application.
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