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          FEMA

          What is meant by Remittance of Assets?

          Remittance of Assets - As on Sep 02, 2016

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          Remittance of assets defines overseas transfer of funds representing provident fund, superannuation, insurance or asset sale proceeds. Remittance of assets denotes transfer outside India of funds representing deposits with a bank, firm, or company, including provident fund balances, superannuation benefits, insurance claim or maturity proceeds, and sale proceeds of shares, securities, immovable property or any other asset held in India.
                            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.

                                  Remittance of assets defines overseas transfer of funds representing provident fund, superannuation, insurance or asset sale proceeds.

                                  Remittance of assets denotes transfer outside India of funds representing deposits with a bank, firm, or company, including provident fund balances, superannuation benefits, insurance claim or maturity proceeds, and sale proceeds of shares, securities, immovable property or any other asset held in India.


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