The Liberalised Remittance Scheme, often referred to as LRS, is a significant component of India’s foreign exchange management framework. It provides a structured mechanism for […]
LRS
Understanding the Legal Framework and Procedures of LRS
The Liberalised Foreign Remittances Scheme (LRS) is a regulatory framework introduced by the Reserve Bank of India to facilitate the remittance of foreign exchange by […]
Comprehensive Guide to Liberalised Remittance Scheme (LRS) and Required Documentation
The Liberalised Remittance Scheme (LRS) was introduced by the Reserve Bank of India in February 2004 as a measure to facilitate resident individuals in remitting […]
LRS Documentation Checklist: What You Need to Send Money Overseas
The Liberalised Remittance Scheme (LRS) is a regulatory framework introduced by the Reserve Bank of India (RBI) that allows Indian residents to remit a certain […]
Understanding the Liberalised Remittance Scheme (LRS): Law and Procedure
Before the introduction of the Liberalised Remittance Scheme, the drawal of foreign exchange by a resident individual was governed by the Current Account Transaction Rules, […]