Remittance of inheritances requires RBI-directed application via authorised dealers with probate, tax clearance, asset statement and CA certificate. Form LEG under FEMA requires application for remittance of legacies/bequests/inheritances to non-resident beneficiaries via an authorised dealer to the ... Summary
Foreign Exchange Management (Remittance of Assets) Regulations, 2000
Remittance of inheritances requires RBI-directed application via authorised dealers with probate, tax clearance, asset statement and CA certificate.
Form LEG under FEMA requires application for remittance of legacies/bequests/inheritances to non-resident beneficiaries via an authorised dealer to the Reserve Bank, with certified probate or succession documentation, Tax Clearance/No Objection Certificate, a statement of Indian assets (including RBI approvals where applicable), and a Chartered Accountant's certificate computing the remittable amount and confirming Indian liabilities are met; the form also requires particulars of the deceased and beneficiaries, disclosure of repatriation status of investments, the remittance amount, and a signed declaration.
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