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    <title>Prohibition on Remittance outside India of assets held in India</title>
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    <description>Prohibition on remittance outside India bars remittance of assets held in India except as permitted by law or by Reserve Bank permission; &quot;remittance of asset&quot; covers bank deposits, provident or superannuation balances, insurance proceeds and sale proceeds of shares, securities and immovable property. General permissions allow specified foreign citizens, NRIs and persons of Indian origin to remit subject to documentary proof, authorised dealer processing, and conditions for instalments and undertakings. Remittances from companies in liquidation require court or liquidator orders and auditor certificates, while Indian entities may remit contributions for expatriate staff&#039;s funds where the staff are not permanently resident.</description>
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    <pubDate>Tue, 20 Jun 2023 17:21:00 +0530</pubDate>
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      <description>Prohibition on remittance outside India bars remittance of assets held in India except as permitted by law or by Reserve Bank permission; &quot;remittance of asset&quot; covers bank deposits, provident or superannuation balances, insurance proceeds and sale proceeds of shares, securities and immovable property. General permissions allow specified foreign citizens, NRIs and persons of Indian origin to remit subject to documentary proof, authorised dealer processing, and conditions for instalments and undertakings. Remittances from companies in liquidation require court or liquidator orders and auditor certificates, while Indian entities may remit contributions for expatriate staff&#039;s funds where the staff are not permanently resident.</description>
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