Regulation 5 - Permission to an Indian Entity to Remit Funds in Certain Cases - Foreign Exchange Management (Remittance of Assets) Regulations, 2000

Permission to an Indian Entity to Remit Funds in Certain Cases :- 5. An entity in India may remit the amount being its contribution towards the provident fund/superannuation/pension fund in respect of the expatriate staff in its employment who are resident in India but not permanently resident therein. Explanation: For the purpose of this Regulation, - (a) expatriate staff means a person whose provident / superannuation/ pension fund is maintained outside India by his principal employer outside India; (b) not permanently resident means a person resident in India for employment of a specified duration (irrespective of length thereof) or for a specific job or assignment, the duration of which does not exceed three years.