Acquisition of immovable property: payment must be via banking channels or non resident accounts; cash and traveller's cheques prohibited. Substituted clause (a) in Regulations 3 and 4 permits acquisition of immovable property in India excluding agricultural property, plantations, and farm houses. It requires that purchase price payments be made only from funds received in India by inward remittance through normal banking channels or from funds held in non-resident accounts maintained under the Act and Reserve Bank regulations, and it prohibits payment by traveller's cheques, foreign currency notes, or any other mode not specifically permitted.