Remittance of sale proceeds: authorised dealers may remit net proceeds to non-resident sellers subject to regulatory conditions. Rule 22 requires that transactions in sale proceeds of Indian securities be carried out through banking channels and subject to applicable taxes. Remittance to non-resident sellers is allowed only under these rules, relevant Schedule conditions and regulatory specifications. An authorised dealer may remit net sale proceeds to a non-resident seller provided the security was held on a repatriation basis and the sale either complies with pricing guidelines or has prior regulatory approval for sale and remittance.