Remittance of assets compliance now requires tax clearance, litigation-free confirmation, and registrar report for winding-up remittances. Amendment to Regulation 6(1)(iii) of the Remittance of Assets Regulations mandates production of a no-objection or tax clearance certificate from the income-tax authority, a confirmation that no legal proceedings or impediments to the remittance exist, and a report from the Registrar of Companies regarding Companies Act, 1956 compliance where remittance relates to winding up of an Indian office.
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 compliance now requires tax clearance, litigation-free confirmation, and registrar report for winding-up remittances.
Amendment to Regulation 6(1)(iii) of the Remittance of Assets Regulations mandates production of a no-objection or tax clearance certificate from the income-tax authority, a confirmation that no legal proceedings or impediments to the remittance exist, and a report from the Registrar of Companies regarding Companies Act, 1956 compliance where remittance relates to winding up of an Indian office.
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