Many Indian companies have given instructions to its employees to repatriate all the funds received from dividend or transfer of shares in foregin country to India within 60 days. Can anybody please share the FEMA rule related to this?
Thanks
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Fema
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Regulation 15 to Notification No. Fema 120 / RB 2004 as amended.
Moreover the ODI approval is given based on the above compliance and also at the time of filing of Annual Performance Report with RBI the above compliance is needed.
Moreover the ODI approval is given based on the above compliance and also at the time of filing of Annual Performance Report with RBI the above compliance is needed.
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