General permission to Non-Resident to hold, own, transfer or invest in Indian currency, security or any immovable property situated in India [ Section 6(5)]
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Non-resident ownership rights: permitted to hold or transfer Indian currency, securities, or immovable property if acquired while resident or inherited. Non-resident persons are granted a general permission to hold, own, transfer and invest in Indian currency, securities and immovable property located in India where those assets were acquired or owned while the person was resident in India or were inherited from a person who was resident in 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.
Non-resident ownership rights: permitted to hold or transfer Indian currency, securities, or immovable property if acquired while resident or inherited.
Non-resident persons are granted a general permission to hold, own, transfer and invest in Indian currency, securities and immovable property located in India where those assets were acquired or owned while the person was resident in India or were inherited from a person who was resident in India.
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