TMI BlogPermission for remittance of assets in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... Bhutan, who (i) has retired from an employment in India, or (ii) has inherited the assets from a person referred to in sub-section (5) of section 6 of the Act; or (iii) is a widow/ widower resident outside India and has inherited assets of the deceased spouse who was an Indian citizen resident in India, may remit through an authorised dealer an amount, not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ittance of all instalments shall be made through the same authorised dealer. (iv) had come to India for studies/ training and has completed his studies/ training, may remit the balance available in his account, provided such balance represents funds derived out of remittances received from abroad through normal banking channels or rupee proceeds of foreign exchange brought by such pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as defined in Section 2(77) of the Companies Act, 2013) and the settlement taking effect on the death of the settler, on production of the original deed of settlement; Provided that where the remittance under Clause (i) and (ii) is made in more than one instalment, the remittance of all instalments shall be made through the same Authorised Dealer. Provided further ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n compliance with the order issued by a court in India/ order issued by the official liquidator or the liquidator in the case of voluntary winding up; and (ii) no remittance shall be allowed unless the applicant submits:- (a) Auditor's certificate confirming that all liabilities in India have been either fully paid or adequately provided for. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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