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Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015

FEMA - 7(R)/2015-RB - Dated:- 21-1-2016 - RESERVE BANK OF INDIA (Foreign Exchange Department) CENTRAL OFFICE NOTIFICATION No. FEMA 7(R)/2015-RB Mumbai , the 21st January , 2016 G.S.R. 95(E).-In exercise of the powers conferred by clause (h) of sub-se .....

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following regulations relating to acquisition and transfer of immovable property outside India, namely :- 1. Short title and commencement:- (i) These regulations may be called the . (ii) They shall come into force from the date of their publication .....

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lations shall have the same meanings respectively assigned to them in the Act. 3. Restriction on acquisition or transfer of immovable property outside India:- Save as otherwise provided in the Act or in these regulations, no person resident in India .....

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ndia who is a national of a foreign state; (b) acquired by a person resident in India on or before 8th July 1947 and continued to be held by him with the permission of the Reserve Bank. 5. Acquisition and Transfer of Immovable Property outside India: .....

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ase out of foreign exchange held in Resident Foreign Currency (RFC) account maintained in accordance with the Foreign Exchange Management (Foreign Currency accounts by a person resident in India) Regulations, 2015; (c) jointly with a relative who is .....

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