TMI BlogRemittance of sale ProceedsX X X X Extracts X X X X X X X X Extracts X X X X ..... ance of sale Proceeds :- (1) No remittance of sale proceeds of an Indian security held by a person resident outside India shall be made otherwise than in accordance with these Regulations and the conditions specified in the relevant Schedule. (2) An authorised dealer may allow the remittance of sale proceeds of a security (net of applicable taxes) to the seller of shares resident outside ..... X X X X Extracts X X X X X X X X Extracts X X X X
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