https://www.taxtmi.com/acts?id=2106 Resident individuals may acquire shares of a foreign entity as consideration for professional services or director's remuneration within the Liberalized Remittance Scheme ceiling; if that ceiling is exceeded the individual may apply to the Reserve Bank for permission, which may be granted subject to conditions after assessing credentials and net worth, forex earnings and account balances, the foreign entity's financial track record, potential forex inflow, and other likely benefits to the country. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 17:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2106 Resident individuals may acquire shares of a foreign entity as consideration for professional services or director's remuneration within the Liberalized Remittance Scheme ceiling; if that ceiling is exceeded the individual may apply to the Reserve Bank for permission, which may be granted subject to conditions after assessing credentials and net worth, forex earnings and account balances, the foreign entity's financial track record, potential forex inflow, and other likely benefits to the country. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2106