Prohibition on property acquisition by specified foreign citizens now includes Macau and Hong Kong, requiring RBI permission for transfers. Prohibition on acquisition or transfer of immovable property by citizens of specified jurisdictions is extended to include Macau and Hong Kong; such persons cannot acquire or transfer immovable property in India, other than leases not exceeding five years, without prior permission of the Reserve Bank under Regulation 7 of the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2000, as amended by the 2015 notification.
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.
Prohibition on property acquisition by specified foreign citizens now includes Macau and Hong Kong, requiring RBI permission for transfers.
Prohibition on acquisition or transfer of immovable property by citizens of specified jurisdictions is extended to include Macau and Hong Kong; such persons cannot acquire or transfer immovable property in India, other than leases not exceeding five years, without prior permission of the Reserve Bank under Regulation 7 of the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2000, as amended by the 2015 notification.
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