https://www.taxtmi.com/caselaws?id=237402 The Court held that there is no legal restriction on transferring property from persons of Indian Origin to Indian citizens under the Foreign Exchange Management Act. The petitioner, a Malaysian citizen of Indian origin, sought to convey property rights to an Indian citizen, which was initially rejected. The Court ruled in favor of the petitioner, directing the conveyance to proceed in accordance with relevant laws and upon submission of necessary documentation. This decision clarifies the permissibility of such transfers under FEMA regulations, emphasizing compliance with statutory requirements for valid property conveyances. en-us Fri, 04 Jan 2013 00:00:00 +0530 Thu, 26 Sep 2013 13:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237402 The Court held that there is no legal restriction on transferring property from persons of Indian Origin to Indian citizens under the Foreign Exchange Management Act. The petitioner, a Malaysian citizen of Indian origin, sought to convey property rights to an Indian citizen, which was initially rejected. The Court ruled in favor of the petitioner, directing the conveyance to proceed in accordance with relevant laws and upon submission of necessary documentation. This decision clarifies the permissibility of such transfers under FEMA regulations, emphasizing compliance with statutory requirements for valid property conveyances. Case-Laws FEMA Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237402