Declaration requirement: non resident business establishments acquiring immovable property must file a prescribed form with the central bank promptly. Non resident persons who have established a business presence in India (excluding liaison offices) and acquire immovable property necessary or incidental to that business must file a prescribed declaration with the central bank in duplicate within ninety days of acquisition. The declaration must state the acquirer's particulars, property description and location, purpose of acquisition, regulatory permission details if any, date and mode of acquisition, seller/lessor details, purchase price and sources of funds, and be accompanied by certified copies of any regulatory approvals; the declarant must certify accuracy and non use by other parties.