https://www.taxtmi.com/acts?id=1997 Holding of foreign exchange and overseas assets is prohibited for persons resident in India unless permitted otherwise. The restriction covers acquiring, holding, owning, possessing or transferring foreign exchange, foreign security, and immovable property situated outside India, subject to exceptions available under the foreign exchange management framework. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 14:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1997 Holding of foreign exchange and overseas assets is prohibited for persons resident in India unless permitted otherwise. The restriction covers acquiring, holding, owning, possessing or transferring foreign exchange, foreign security, and immovable property situated outside India, subject to exceptions available under the foreign exchange management framework. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1997