https://www.taxtmi.com/acts?id=40930 Rule 10 requires a No Objection Certificate before any financial commitment or disinvestment under the Overseas Investment Rules and Regulations of 2022 for residents whose accounts are non performing, are classified as wilful defaulters, or are under investigation by specified regulators or investigative agencies; applicants must apply in writing to the concerned lender, regulator, or agency, and if that authority fails to furnish the certificate within the prescribed response period it is presumed there was no objection, and 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 Thu, 29 May 2025 12:15:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40930 Rule 10 requires a No Objection Certificate before any financial commitment or disinvestment under the Overseas Investment Rules and Regulations of 2022 for residents whose accounts are non performing, are classified as wilful defaulters, or are under investigation by specified regulators or investigative agencies; applicants must apply in writing to the concerned lender, regulator, or agency, and if that authority fails to furnish the certificate within the prescribed response period it is presumed there was no objection, and 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