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        FEMA

        Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2007 - 168/2007 - Foreign Exchange Management

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        Remittance of FCNR(B) maturity proceeds to third parties permitted if authorised by account holder and bona fides are satisfied. Authorised dealers may permit remittance of maturity proceeds of FCNR (B) deposits to third parties outside India provided the remittance is specifically authorised by the account holder and the authorised dealer is satisfied about the bona fides of the transaction.
                          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 FCNR(B) maturity proceeds to third parties permitted if authorised by account holder and bona fides are satisfied.

                                Authorised dealers may permit remittance of maturity proceeds of FCNR (B) deposits to third parties outside India provided the remittance is specifically authorised by the account holder and the authorised dealer is satisfied about the bona fides of the transaction.


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