RBI approval for remittance of assets required where remittances exceed threshold or involve inheritance to foreign residents. Prior approval of the Reserve Bank is required where remittance of assets in a financial year exceeds the prescribed threshold and arises from legacy, bequest or inheritance to a foreign resident, or where remittance is by NRIs/PIOs from NRO account balances, sale proceeds of assets, or assets acquired by inheritance/legacy; authorization is also required where non remittance would cause hardship to the intended recipient.