obr

[Guest]

we have representative in russia is this necessary to filed OBR form for the purpose of remitance to our representative. Prem

AI Summary

Clarification on OBR Form: Not Required Under FEMA for Remittance to Russia; Relevant for FERA. Check Regulations for Property Abroad. A query was raised about the necessity of filing an OBR form for remittance to a representative in Russia under FEMA regulations. One response clarified that the OBR filing requirement was part of FERA, not FEMA. However, it emphasized that different regulations apply for acquiring immovable property abroad or remitting foreign exchange, which must be complied with. Another response provided a contact number for further assistance.