SC: Bribe Recovery Alone Cannot Prove Guilt without Proof of Demand under PC Act  ||  SC: Cut Power, Water to Bulk Waste Generators Violating Solid Waste Rules  ||  SC: RPF Employee Who Conceals Criminal Case Can be Discharged at Any Stage  ||  SC: Police can Register FIR Despite Magistrate Rejecting S.156(3) CrPC Application  ||  SC: Criminal Acquittal Alone Cannot Prove Absence of Negligence in Accident Claims  ||  SC: Referral Fees Earned By Auto Dealers for Bank, Insurance Promotion Taxable as Service Tax  ||  Supreme Court Revisits the definition of “Industry”: 9-Judge Bench Reformulates the 1978 Triple Test  ||  Delhi HC: Exam Integrity is a Shared Duty of Candidates and Authorities  ||  Delhi High Court: POCSO Allows Child Witness Cross-Examination but Bars Aggressive Questioning  ||  Kerala HC: Christian Women May File Divorce Pleas Where They Reside    

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