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    <title>Amendments to FEMA Regulations – Remittance of assets by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIO)</title>
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    <description>Banks authorised to deal in foreign exchange may allow NRIs/PIOs to remit assets from NRO balances, sale proceeds, and assets acquired by inheritance, legacy or settlement, subject to the annual limit, only on demise of the settlor for settlements made by parents or close relatives, and after receipt of an undertaking by the remitter and a Chartered Accountant certificate in the prescribed format; country-specific restrictions and other statutory permissions continue to apply.</description>
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