https://www.taxtmi.com/notifications?id=23472 Regulation 7 requires that a foreign-resident person's branch or office seeking remittance of winding-up proceeds submit the Reserve Bank's permission for establishment; an auditors' certificate showing the remittable amount, assets and liabilities, asset disposal, confirmation that Indian liabilities and employee benefits are met or provided for, repatriation of foreign-source income, and regulatory compliance; a tax no-objection or clearance; confirmation of no pending legal impediment; and a Registrar of Companies compliance report where applicable, with the Authorised Dealer empowered to permit remittance subject to regulatory directions. en-us Wed, 19 Jan 2011 00:00:00 +0530 Tue, 22 Mar 2011 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23472 Regulation 7 requires that a foreign-resident person's branch or office seeking remittance of winding-up proceeds submit the Reserve Bank's permission for establishment; an auditors' certificate showing the remittable amount, assets and liabilities, asset disposal, confirmation that Indian liabilities and employee benefits are met or provided for, repatriation of foreign-source income, and regulatory compliance; a tax no-objection or clearance; confirmation of no pending legal impediment; and a Registrar of Companies compliance report where applicable, with the Authorised Dealer empowered to permit remittance subject to regulatory directions. Notifications FEMA Wed, 19 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23472