RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 1st April, 2016 No. FEMA 13 (R)/2016-RB Foreign Exchange Management (Remittance of Assets) Regulations, 2016 G.S.R. 388(E).-- In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of Notification No. FEMA 13/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank makes the following regulations in respect of remittance outside India by a person whether resident in India or not, of assets in India, namely:

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S.1 Short title and commencement.--

S.2 Definitions.--

S.3 Prohibition on Remittance outside India of assets held in India.--

S.4 Permission for remittance of assets in certain cases.--

S.5 Permission to an Indian entity to remit funds in certain cases.--

S.6 Permission for remittance of assets on closure or remittance of winding up proceeds of branch office/ liaison office (other than project office).--

S.7 Reserve Bank's prior permission in certain cases.--

S.8 Payment of taxes.--