https://www.taxtmi.com/acts?id=20364 Regulation 5 permits residents in India to acquire immovable property abroad by gift or inheritance from specified persons, or by purchase using funds in a Resident Foreign Currency account; joint acquisition with a nonresident relative is allowed provided no funds flow out of India. It also allows inheritance or gift from a resident who lawfully acquired the property, authorises Indian companies to acquire property overseas for business and staff residence subject to regulator directions, and defines "relative" to include spouse, siblings and lineal ascendants or descendants. en-us Mon, 08 Feb 2016 10:29:05 +0530 Fri, 20 Jun 2025 09:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20364 Regulation 5 permits residents in India to acquire immovable property abroad by gift or inheritance from specified persons, or by purchase using funds in a Resident Foreign Currency account; joint acquisition with a nonresident relative is allowed provided no funds flow out of India. It also allows inheritance or gift from a resident who lawfully acquired the property, authorises Indian companies to acquire property overseas for business and staff residence subject to regulator directions, and defines "relative" to include spouse, siblings and lineal ascendants or descendants. Act-Rules FEMA Mon, 08 Feb 2016 10:29:05 +0530 https://www.taxtmi.com/acts?id=20364