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Investor, who has remitted funds under LRS can retain, reinvest the income earned on the investments. The received/realised/unspent/unused foreign exchange, unless reinvested, shall be repatriated and surrendered to an authorised person within a period of 180 days from the date of such receipt/ realisation/ purchase/ acquisition or date of return to India, as the case may be, in accordance with Regulation 7 of Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 [Notification No. FEMA 9(R)/2015-RB]13. However, a resident individual who has made overseas direct investment in 14accordance with FEMA provisions, shall have to comply with the provisions contained in Foreign Exchange Management (Overseas Investment) Rules, 2022, Foreign Exchange Management (Overseas Investment) Regulations, 2022 and Foreign Exchange Management (Overseas Investment) Directions, 2022.
Which state recently joined the Ayushman Bharat PM-JAY scheme?
Sections 45 & 45A of the Indian Evidence Act have been combined in which section of the Bharatiya Sakshaya Adhiniyam, 2023?
Where was the Global Soil Conference 2024 held, and what was its primary focus?
What is the projected cargo capacity of the Vadhvan Port by 2029?
Who among the following participate in the Government Securities market?
How much subsidy is the Centre providing to IOC, BPCL, and HPCL to offset LPG losses?
What is the estimated cost of the Indo-Russian Vande Bharat sleeper train project, including manufacturing and maintenance?
Which organization has partnered with IIT Madras to develop the Indigenous RISC-V Controller for Space Applications (IRIS)?
Lasoong Festival is celebrated in which Indian state?
When was Unified Payments Interface (UPI) launched?
