Restriction on cross-border immovable property acquisitions: residents require Reserve Bank permission before purchase or transfer. Regulation 3 prohibits a person resident in India from acquiring or transferring any immovable property situated outside India except where authorised by the Act or these Regulations; such acquisition or transfer requires general or special permission of the Reserve Bank of India.
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.
Restriction on cross-border immovable property acquisitions: residents require Reserve Bank permission before purchase or transfer.
Regulation 3 prohibits a person resident in India from acquiring or transferring any immovable property situated outside India except where authorised by the Act or these Regulations; such acquisition or transfer requires general or special permission of the Reserve Bank of India.
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