https://www.taxtmi.com/forum/issue?id=3503 A resident individual may remit up to the liberalised annual cap for permitted capital or current account transactions and may acquire shares abroad, but remittances under the scheme cannot be used to set up a company abroad; remittances beyond the annual cap require alternate arrangements or RBI permission. en-us Tue, 18 Oct 2011 18:18:55 +0530 Thu, 23 Jan 2025 15:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3503 A resident individual may remit up to the liberalised annual cap for permitted capital or current account transactions and may acquire shares abroad, but remittances under the scheme cannot be used to set up a company abroad; remittances beyond the annual cap require alternate arrangements or RBI permission. Discussion-Forum FEMA Tue, 18 Oct 2011 18:18:55 +0530 https://www.taxtmi.com/forum/issue?id=3503