Person of Indian Origin definition clarifies eligibility and exclusions for foreign exchange rules governing property transactions abroad.

Regulation 2 defines key terms for immovable property transactions under the Foreign Exchange Management framework: the Act, an authorised dealer, a Person of Indian Origin (excluding certain nationalities and including prior passport holders or those with qualifying parents or grandparents), and Repatriation outside India as the drawing and remittance or crediting of foreign exchange through normal banking channels. Undefined expressions take meanings from the Act; an amendment revised the grandparental eligibility wording.

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