FOREIGN EXCHANGE MANAGEMENT (ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY IN INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Acquisition And Transfer of Immovable Property In India) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY IN INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Acquisition And Transfer of Immovable Property In India) Regulations, 2000
Foreign investor immovable property acquisition allowed for established business, subject to compliance and declaration filing, and mortgage security permitted. A person resident outside India who has established in India a branch, office or other place of business (excluding a liaison office) for carrying on a ... Summary
Foreign investor immovable property acquisition allowed for established business, subject to compliance and declaration filing, and mortgage security permitted.
A person resident outside India who has established in India a branch, office or other place of business (excluding a liaison office) for carrying on a permitted activity may acquire immovable property in India necessary for or incidental to that activity, provided all applicable laws are complied with and a declaration in form IPI is filed with the Reserve Bank within ninety days of acquisition; such property may be mortgaged to an authorised dealer as security for any borrowing.
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