Indian residents who are foreign nationals exempt from property acquisition regulations under Regulation 4

Regulation 4 of the Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015 provides exemptions from the regulations' application. The exemptions cover property held by Indian residents who are foreign nationals, and property acquired by Indian residents on or before July 8, 1947, which continues to be held with Reserve Bank permission. These provisions create specific carve-outs from the general regulatory framework governing foreign immovable property transactions by Indian residents.

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