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Reserve Bank's prior permission in certain cases

Reserve Bank s prior permission in certain cases - Regulation 7 - Regulation - FEMA - Regulation 7 - 7. Reserve Bank's prior permission in certain cases:- (1) A person who desires to make a remittance of assets in the following cases, may apply t .....

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ian (NRI) or Person of Indian Origin (PIO), out of the balances held in NRO accounts/ sale proceeds of assets/ the assets acquired by way of inheritance/ legacy. (ii) Remittance to a person resident outside India on the ground that hardship will be c .....

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