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 ... Summary
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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