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This document serves as an application for individuals who are no longer covered by the LAGERS system and wish to receive refunds either from their employee contribution account balance or a lump sum payment. It outlines eligibility criteria, required documentation, and essential instructions for the application process.
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LRS-3 refers to a specific reporting form used for the disclosure of foreign remittances and other financial transactions relevant to the Reserve Bank of India.
Individuals or entities making foreign remittances that exceed prescribed limits or are deemed significant by regulatory authorities are required to file LRS-3.
To fill out LRS-3, one must provide accurate details regarding the remittance, including the amount, purpose, and recipient information as per the guidelines set by the Reserve Bank of India.
The purpose of LRS-3 is to ensure transparency and compliance in foreign currency transactions and to monitor the flow of money outside the country.
LRS-3 must report information such as the remitter's details, remittance amount, purpose of remittance, recipient's details, and any supporting documentation required by the authorities.
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