https://www.taxtmi.com/acts?id=12125 Remittance of winding up proceeds by a foreign resident's branch or office in India requires application to the authorised dealer with a copy of the Reserve Bank's establishment permission, an auditor's certificate showing the remittable amount with assets and liabilities and confirmations that Indian liabilities and employee benefits are met or provided for, no foreign-sourced income remains unrepatriated, and regulatory compliance has been observed; plus a confirmation of no pending legal proceedings and a Registrar of Companies report where applicable. Remittance is permitted subject to Reserve Bank directions and payment of applicable taxes. en-us Tue, 22 Mar 2011 18:32:29 +0530 Fri, 20 Jun 2025 16:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12125 Remittance of winding up proceeds by a foreign resident's branch or office in India requires application to the authorised dealer with a copy of the Reserve Bank's establishment permission, an auditor's certificate showing the remittable amount with assets and liabilities and confirmations that Indian liabilities and employee benefits are met or provided for, no foreign-sourced income remains unrepatriated, and regulatory compliance has been observed; plus a confirmation of no pending legal proceedings and a Registrar of Companies report where applicable. Remittance is permitted subject to Reserve Bank directions and payment of applicable taxes. Act-Rules FEMA Tue, 22 Mar 2011 18:32:29 +0530 https://www.taxtmi.com/acts?id=12125