Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 - 093/2003 - Foreign Exchange Management
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Foreign diplomatic property purchase rules require government clearance and foreign funds remitted through banking channels for transactions. Regulation 5A authorises Foreign Embassies, Diplomats and Consulate Generals to purchase or sell immovable property in India other than agricultural land, plantation property or farm houses, provided they obtain clearance from the Government of India, Ministry of External Affairs and pay the consideration from funds remitted from abroad through the banking channel.
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.
Foreign diplomatic property purchase rules require government clearance and foreign funds remitted through banking channels for transactions.
Regulation 5A authorises Foreign Embassies, Diplomats and Consulate Generals to purchase or sell immovable property in India other than agricultural land, plantation property or farm houses, provided they obtain clearance from the Government of India, Ministry of External Affairs and pay the consideration from funds remitted from abroad through the banking channel.
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