Regulation 5 - Permission to a firm or a proprietary concern to make payment to a non-resident Indian or a person of Indian origin who has made investment
Foreign Exchange Management (Investment In Firm or Proprietary Concern In India) Regulations, 2000
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Permission to remit to non-resident investors: firms may return invested sums or pay profit income to NRIs and persons of Indian origin. Regulation 5 authorises a firm or proprietary concern in India to pay to, or for the credit of, a non-resident Indian or a person of Indian origin the sum invested by that person in the firm or proprietary concern and any income accruing to that person by way of profit on that investment.
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.
Permission to remit to non-resident investors: firms may return invested sums or pay profit income to NRIs and persons of Indian origin.
Regulation 5 authorises a firm or proprietary concern in India to pay to, or for the credit of, a non-resident Indian or a person of Indian origin the sum invested by that person in the firm or proprietary concern and any income accruing to that person by way of profit on that investment.
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