Remittance of assets: regulations govern outbound transfers of assets from India under central exchange control rules. The Reserve Bank, under powers conferred by the foreign exchange statute, issued the Foreign Exchange Management (Remittance of Assets) Regulations, 2000 to regulate remittances outside India of assets located in India by any person, resident or non resident, establishing the legal framework, scope, and administrative controls for such outbound transfers and noting later supersession by a subsequent notification.