MP High Court: Estranged Husband Entitled to Loss of Consortium Compensation After Wife’s Death  ||  J&K & Ladakh HC: Claims under Roshni Act Void Ab Initio, Ownership Rights Null from Inception  ||  Madras High Court Directs Expedited Trials in 216 Pending Criminal Cases Against MPs and MLAs  ||  MP High Court: Allowing Minor to Drive Without Valid License Constitutes Breach of Insurance Policy  ||  Punjab & Haryana High Court: Cyber Fraud Cases Uphold Public Trust, Cannot Be Quashed by Compromise  ||  SC: Customer-Banker Relationship Based on Mutual Trust, Postmaster’s Reinstatement Quashed  ||  Supreme Court: Company Buying Software for Efficiency and Profit Is Not a ‘Consumer’ under CPA  ||  SC: Long Custody or Trial Delay Not Ground for Bail in Commercial Narcotic Cases if S.37 Unmet  ||  Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law  ||  Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries    

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 2025 - All Rights Reserved