https://www.taxtmi.com/acts?id=20765 Remittance outside India of assets held in India is prohibited for every person, whether resident in India or otherwise, except where permitted under the Act or rules or regulations made or issued under it. The Reserve Bank may, for sufficient reasons, permit a person to remit an asset held in India by that person or by another person. en-us Thu, 07 Apr 2016 11:53:46 +0530 Tue, 08 Sep 2026 17:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20765 Remittance outside India of assets held in India is prohibited for every person, whether resident in India or otherwise, except where permitted under the Act or rules or regulations made or issued under it. The Reserve Bank may, for sufficient reasons, permit a person to remit an asset held in India by that person or by another person. Act-Rules FEMA Thu, 07 Apr 2016 11:53:46 +0530 https://www.taxtmi.com/acts?id=20765