https://www.taxtmi.com/acts?id=32314 Regulation 9 prohibits acquisition or transfer of immovable property in India by citizens of certain specified foreign countries without prior permission of the Reserve Bank, while excluding leases not exceeding five years. The regulation exempts Overseas Citizens of India (OCI) from the prohibition and defines "citizen" to include both natural persons and legal entities, thereby applying the permission requirement to corporate entities of the listed nationalities. en-us Tue, 15 May 2018 17:44:22 +0530 Thu, 19 Jun 2025 16:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32314 Regulation 9 prohibits acquisition or transfer of immovable property in India by citizens of certain specified foreign countries without prior permission of the Reserve Bank, while excluding leases not exceeding five years. The regulation exempts Overseas Citizens of India (OCI) from the prohibition and defines "citizen" to include both natural persons and legal entities, thereby applying the permission requirement to corporate entities of the listed nationalities. Act-Rules FEMA Tue, 15 May 2018 17:44:22 +0530 https://www.taxtmi.com/acts?id=32314