No objection certificate before remittances of income of hte nature of dividends or royalty

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....29/69-IT(A-II) dated 18th July, 1969 to Shri M.K.Venkatachalam of the Department of Economic Affairs (copy endorsed to all Commissioners for information and guidance). It was stated therein that the no objection certificate required by the Reserve Bank of India, before the remittances of income of the nature of dividends or royalty to a non-resident is allowed, could be obtained from the Income-ta....