Nominee remittances: authorised dealers may remit deceased account funds to non resident nominees; resident nominees need Reserve Bank approval. Regulation 10 permits an authorised dealer to remit to a nominee resident outside India the nominee's share from a deceased foreign currency accountholder's account; a nominee resident in India who desires to remit his share abroad to meet the deceased's liabilities must apply to the Reserve Bank for such remittance.
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.
Nominee remittances: authorised dealers may remit deceased account funds to non resident nominees; resident nominees need Reserve Bank approval.
Regulation 10 permits an authorised dealer to remit to a nominee resident outside India the nominee's share from a deceased foreign currency accountholder's account; a nominee resident in India who desires to remit his share abroad to meet the deceased's liabilities must apply to the Reserve Bank for such remittance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
