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of <h1>Non-residents can hold, own, transfer, or invest in Indian assets under Section 6(5) of the FEMA Act, 1999.</h1> Non-residents are granted general permission under Section 6(5) of the FEMA Act, 1999, to hold, own, transfer, or invest in Indian currency, securities, or immovable property located in India. This permission applies if the assets were acquired, held, or owned by the individual when they were a resident in India or if they were inherited from a resident of India. This provision is a continuation of the permissions previously granted under the repealed FERA.
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