Exemptions under foreign exchange regulations: property held by foreign state nationals resident in India or pre independence holdings with central bank permission. Regulation 4 identifies two exemptions from the Regulations: property held by persons resident in India who are nationals of a foreign state; and property acquired by a person resident in India on or before the historical cutoff that has been continuously held with the permission of the Reserve Bank.
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 under foreign exchange regulations: property held by foreign state nationals resident in India or pre independence holdings with central bank permission.
Regulation 4 identifies two exemptions from the Regulations: property held by persons resident in India who are nationals of a foreign state; and property acquired by a person resident in India on or before the historical cutoff that has been continuously held with the permission of the Reserve Bank.
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