Acquisition of immovable property outside India- Branches/trading offices overseas

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..... m/Sir, Acquisition of immovable property outside India-Branches/trading offices overseas In terms of Regulation 3 of Notification No.FEMA7/2000-RB dated May 3, 2000 no person resident in India shall acquire or transfer any immovable property outside India without general or special permission of Reserve Bank. 2. It has now been decided to permit Indian corporates who have set up overseas offic .....

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..... xchange Management Act, 1999 (42 of 1999). Yours faithfully, G. Padmanabhan General Manager-in-Charge ANNEXURE [A.P.(DIR Series) Circular No.71 dated January 13, 2002] Application for acquisition of immovable property overseas- Branches/trading offices 1. Name and address of the company - (i) In India : (ii) Abroad : 2. Date of establishment of office abroad : 3. Net worth for the .....

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