https://www.taxtmi.com/acts?id=40930 No Objection Certificate is mandatory before overseas financial commitment or disinvestment by a person resident in India whose account is a non-performing asset, who is classified as a wilful defaulter, or who is under investigation by specified regulators or investigative agencies. A written application must be made to the concerned lender bank, regulatory body, or agency. If no certificate is furnished within sixty days of receipt, no objection may be presumed. The certificate must be addressed to the designated authorised dealer bank, with an endorsement to the applicant. en-us Tue, 23 Aug 2022 15:14:23 +0530 Mon, 31 Aug 2026 15:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40930 No Objection Certificate is mandatory before overseas financial commitment or disinvestment by a person resident in India whose account is a non-performing asset, who is classified as a wilful defaulter, or who is under investigation by specified regulators or investigative agencies. A written application must be made to the concerned lender bank, regulatory body, or agency. If no certificate is furnished within sixty days of receipt, no objection may be presumed. The certificate must be addressed to the designated authorised dealer bank, with an endorsement to the applicant. Act-Rules FEMA Tue, 23 Aug 2022 15:14:23 +0530 https://www.taxtmi.com/acts?id=40930