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of <h1>Indians can buy overseas property via LRS; remittances allowed for relatives under Companies Act, Section 2(77).</h1> A resident individual in India is permitted to send remittances abroad under the Liberalised Remittance Scheme (LRS) for the purpose of purchasing immovable property outside India. These remittances can be consolidated for relatives, as defined under section 2(77) of the Companies Act, 2013, provided that these relatives, who must also be residents in India, adhere to the terms and conditions of the LRS.
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