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    <title>Repatriation of refund of funds received for purchase of shares</title>
    <link>https://www.taxtmi.com/circulars?id=1939</link>
    <description>Authorised dealers are delegated authority to permit repatriation of refunds of funds received for purchase of shares in three categories-refunds on allotment, surplus from rights issues, and surplus/cancellations under ADRs/GDRs-provided dealers are satisfied with the applicant&#039;s bonafides, that the repatriation is by inward remittance or debit to an NRE/FCNR account, and that no part of the remittance is interest.</description>
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    <pubDate>Tue, 12 Nov 2002 00:00:00 +0530</pubDate>
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      <title>Repatriation of refund of funds received for purchase of shares</title>
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      <description>Authorised dealers are delegated authority to permit repatriation of refunds of funds received for purchase of shares in three categories-refunds on allotment, surplus from rights issues, and surplus/cancellations under ADRs/GDRs-provided dealers are satisfied with the applicant&#039;s bonafides, that the repatriation is by inward remittance or debit to an NRE/FCNR account, and that no part of the remittance is interest.</description>
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      <pubDate>Tue, 12 Nov 2002 00:00:00 +0530</pubDate>
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