'No Objection Certificate' for remittance abroad.

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Full Text of the Document

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....tax Officers after obtaining a guarantee from the Indian concern on behalf of the foreign collaborator even though the former had not obtained prior permission of the Reserve Bank of India u/s 26(6) of the Foreign Exchange Regulation Act, 1973, to give such a guarantee. 2. Section 26(6) of the Foreign Exchange Regulation Act, 1973 reads as under: "Except with general or special permission of....