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 )
Joint acquisition by non-resident spouse: permitted for non-agricultural immovable property subject to permitted funds, payment mode limits, and marriage subsistence. Rule 25 permits a person resident outside India, not an NRI or an OCI, who is spouse of an NRI or an OCI to acquire immovable property jointly with that ... Summary
Joint acquisition by non-resident spouse: permitted for non-agricultural immovable property subject to permitted funds, payment mode limits, and marriage subsistence.
Rule 25 permits a person resident outside India, not an NRI or an OCI, who is spouse of an NRI or an OCI to acquire immovable property jointly with that spouse, excluding agricultural land, farmhouse and plantation property; consideration must come from inward remittance through banking channels or funds in non-resident accounts maintained under law and RBI regulations, payments by traveller's cheque or foreign currency notes or other non-permitted modes are disallowed; the marriage must be registered and have subsisted continuously for the prescribed period and the non-resident spouse must not be otherwise prohibited from acquisition.
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