Exemptions for immovable property: foreign national residents and pre existing holdings with central bank permission excluded from regulations. Regulation 4 excludes from the Regulations property held by a resident Indian who is a national of a foreign state and property acquired by a resident Indian on or before 8 July 1947 that has continued to be held with the permission of the Reserve Bank, thereby limiting the Regulations' application to those specified holdings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemptions for immovable property: foreign national residents and pre existing holdings with central bank permission excluded from regulations.
Regulation 4 excludes from the Regulations property held by a resident Indian who is a national of a foreign state and property acquired by a resident Indian on or before 8 July 1947 that has continued to be held with the permission of the Reserve Bank, thereby limiting the Regulations' application to those specified holdings.
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