Liberalised Remittance Scheme clarified: resident eligibility, guardian countersign for minors, family consolidation, and permitted art purchases. Clarification of the Liberalised Remittance Scheme confirms availability to all resident individuals including minors (whose applications must be countersigned by their natural guardian), allows consolidation of remittances for family members subject to individual compliance, permits purchase of objects of art subject to other laws, and attaches a modified application cum declaration requiring certification of aggregate remittances within the prescribed limit, source of funds, beneficiary details, and an authorised-dealer certificate of conformity.
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Liberalised Remittance Scheme clarified: resident eligibility, guardian countersign for minors, family consolidation, and permitted art purchases.
Clarification of the Liberalised Remittance Scheme confirms availability to all resident individuals including minors (whose applications must be countersigned by their natural guardian), allows consolidation of remittances for family members subject to individual compliance, permits purchase of objects of art subject to other laws, and attaches a modified application cum declaration requiring certification of aggregate remittances within the prescribed limit, source of funds, beneficiary details, and an authorised-dealer certificate of conformity.
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