Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian residents can acquire foreign property through gifts, inheritance, or joint purchases with non-resident relatives</h1> Indian residents may acquire immovable property outside India through gift or inheritance from specified persons, purchase using foreign exchange from Resident Foreign Currency accounts, or jointly with non-resident relatives without fund outflow from India. Property may also be inherited from Indian residents who lawfully acquired it previously. Indian companies with overseas offices can acquire foreign property for business and staff residential purposes with Reserve Bank approval. The regulation defines relatives as spouses, siblings, and direct ancestors or descendants.
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