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Rejection Risk Insurance – Remittance - Liberalisation

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....n Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a 'no objection' certificate from Central Government before taking any general insurance policy issued by an insurer outside India. 2. Central Government has since conveyed their no objection to ....

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