Nominee repatriation requirement: nominee must close foreign account and promptly remit proceeds through banking channels. The resident nominee must close the foreign account on the account holder's demise and ensure the proceeds are brought back into India through recognised banking channels.
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.
Nominee repatriation requirement: nominee must close foreign account and promptly remit proceeds through banking channels.
The resident nominee must close the foreign account on the account holder's demise and ensure the proceeds are brought back into India through recognised banking channels.
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