May 4, 2009
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Repatriation rights: capital, appreciation and dividends can be remitted from India subject to tax and regulatory conditions.
Foreign investment is governed by the Foreign Exchange Management Act, treating foreign-participated Indian companies as domestic for exchange control; repatriation of capital and appreciation is permitted when investments are on a repatriation basis subject to taxes, while dividends and profits are repatriable after tax compliance without separate RBI permission if conditions are met. Non-residents permitted to operate in India may acquire business necessary immovable property but must file a prescribed declaration within ninety days; foreign nationals with specific RBI approval require prior RBI permission to transfer such property. NRIs may purchase immovable property excluding agricultural/plantation/farmhouse and transfer it within prescribed residency and identity limits.