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In Area no. FORM B BUILDINGForm no.109 MASSACHUSETTS HISTORICAL COMMISSION Off ice of the Secretary, State House, Boston1. Town _ _.LA, Q...... Bolivia..., LM...., SFI.crud.___I Cottage RowAddressName.
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ORD stands for Outward Remittance Declaration. It is a form that needs to be filed by individuals or entities who are making payments to a foreign entity.
Any individual or entity in India who is making payments to a foreign entity is required to file ORD.
ORD can be filled out online on the official website of the Reserve Bank of India. The form requires information about the remitter, the recipient, the purpose of the remittance, and other related details.
The purpose of ORD is to ensure transparency in cross-border financial transactions and to monitor the flow of funds outside of India.
The information that must be reported on ORD includes details about the remitter, the recipient, the purpose of the remittance, the amount being remitted, and other relevant financial information.
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