Hi,
My client is an NRI living in Dubai. There is a judgement against him passed by the court in Dubai. To pay the fine and amount awarded; he has to sell property in India and remit the money to Dubai ; since he does not have sufficient assets in Dubai.
He has also signed a settlement agreement with certain persons abroad for settling disputes, he needs to send money for this also.
Is this possible under FEMA regulations? Can you tell me the procedure to follow?
I request you to reply as soon as possible because he will face imprisonment if he is unable to remit the amount from India.
Warm Regards,
Sanaya