SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions  ||  SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute  ||  SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending  ||  SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved  ||  Calcutta HC: Conviction under Essential Commodities Act Invalid if Stock Measured With a 'Stick'  ||  Kerala High Court: Universities Must Regulate Student Political Activities to Curb Campus Violence  ||  Calcutta HC: Accused Has No Right on Investigation Mode or Impleadment in Probe Writ  ||  Gauhati HC: POCSO Probes Must be Child-Friendly, With Sensitized Investigators to Ensure Clear Truth  ||  Kerala HC: Orders Barring Disclosure of Witness Statements Must State Reasons For Each Witness  ||  SC: Hard to Believe Married Woman Was Lured Into Sex by False Marriage Promise; Case Quashed    

Foreign Exchange Management (Remittance of Assets) Regulations, 2016- (Reserve Bank of India) (28 Apr 2016)

MANU/APDR/0029/2016

FEMA

The Reserve Bank of India notified the Foreign Exchange Management (Remittance of Assets) Regulations 2016. The Regulations will be applicable in instances of remittances outside India of funds, movable and immovable property held in India.

Remittance of capital assets in India, held by a person, will require approval of the RBI if they fall outside the exemption threshold; for remittances to be made in more than one instalment, all instalments “should” be made through the same Authorised Dealer. Remittances under US$ 1 million by a foreign national may be allowed by Dealers per financial year.

Relevant : Rupee Drawing Arrangement MANU/APDR/0028/2016 Notification dated 1 April 2016 MANU/RFEM/0011/2016

Tags : REMITTANCE   FOREIGN EXCHANGE   NRI  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved