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Permission for remittance of assets on closure or remittance of winding up proceeds of branch office/ liaison office (other than project office)

Regulation 6 - Regulation - FEMA - Regulation 6 - 6. (1) A branch or office established in India by a person resident outside India may, for making remittance of assets on closure or remittance of its winding up proceeds, apply to the Authorised Deal .....

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amount has been arrived and supported by a statement of assets and liabilities of the applicant, and indicating the manner of disposal of assets; (ii) confirming that all liabilities in India including arrears of gratuity and other benefits to the e .....

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that the branch/office has complied with all regulatory requirements stipulated by the Reserve Bank of India from time to time regarding functioning of such offices in India. (C) A confirmation from the applicant that no legal proceedings are pending .....

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