Capital account transactions by non-residents: defined categories govern investments, property, guarantees, currency movements and accounts. Classes of capital account transactions by persons resident outside India include investments in securities and capital contributions to Indian firms and associations; acquisition and transfer of immovable property; guarantees in favour of Indian residents; import/export of currency; deposits between residents and non-residents; foreign currency accounts in India; remittance of capital assets outside India; and the undertaking of derivative contracts as subsequently inserted.
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.
Capital account transactions by non-residents: defined categories govern investments, property, guarantees, currency movements and accounts.
Classes of capital account transactions by persons resident outside India include investments in securities and capital contributions to Indian firms and associations; acquisition and transfer of immovable property; guarantees in favour of Indian residents; import/export of currency; deposits between residents and non-residents; foreign currency accounts in India; remittance of capital assets outside India; and the undertaking of derivative contracts as subsequently inserted.
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