Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2011

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..... gn Exchange Management (Remittance of Assets) (Amendment) Regulations, 2011 G.S.R. 199(E).-In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Remittance of Assets) Regulations, 2000, Notification No. FEMA 13/ 2000-RB dated 3rd May, 2000, nam .....

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..... ablished in India by a person resident outside India may, for making remittance of its winding up proceeds, apply to the Authorised Dealer concerned supported by the following documents, namely: (A) copy of the Reserve Bank's permission for establishing the branch/office in India; (B) Auditors certificate:- (i) indicating the manner in which the remittable amount has been arrived and supported .....

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..... urt in India are pending and there is no legal impediment to the remittance; and (E) a report from the Registrar of Companies regarding compliance with the provisions of the Companies Act,1956, incase of winding up of the office in India. (2) On consideration of the application made under sub-regulation (1), the authorised dealer concerned may permit the remittance subject to the directions issu .....

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