Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2004

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..... Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Remittance of Assets) Regulations, 2000, namely:- Short title and commencement :- 1. (i) These Regulations may be called the 'Foreign Exchange Management (Remittan .....

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..... learance/no objection certificate from the Income Tax Authority for the remittance (ii) Under a deed of settlement made by either of his parents or a close relative (as defined in Section 6 of the Companies Act, 1956) and the settlement taking effect on the death of the settler, on production of : (a) the original deed of settlement; and (b) a tax clearance/No objection certificate from the .....

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