Chapter VINVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA (From Rule 12 to Rule 13 )
Chapter XINVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES (From Rule 34 )
Acquisition of immovable property by foreign branches requires regulatory declaration and RBI approval for specified nationalities. Non-resident persons with an established branch, office or other place of business in India (excluding liaison offices) may acquire immovable property ... Summary
Acquisition of immovable property by foreign branches requires regulatory declaration and RBI approval for specified nationalities.
Non-resident persons with an established branch, office or other place of business in India (excluding liaison offices) may acquire immovable property necessary or incidental to their activity, provided they comply with applicable laws and file a declaration in Form IPI with the Reserve Bank within ninety days. Such property may be mortgaged to an authorised dealer as security for borrowings. Persons of certain specified nationalities are restricted to leases not exceeding five years and require prior Reserve Bank approval for other acquisitions.
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