https://www.taxtmi.com/acts?id=37924 A person resident outside India that has established a qualifying branch, office or other place of business may acquire immovable property necessary for or incidental to its Indian business activity, excluding liaison offices. Acquisition requires compliance with applicable law and filing Form IPI with the Reserve Bank within ninety days. The property may be mortgaged to an authorised dealer for borrowings. Specified persons require prior Reserve Bank approval, except for leases not exceeding five years. en-us Sat, 19 Oct 2019 16:25:57 +0530 Tue, 01 Sep 2026 11:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37924 A person resident outside India that has established a qualifying branch, office or other place of business may acquire immovable property necessary for or incidental to its Indian business activity, excluding liaison offices. Acquisition requires compliance with applicable law and filing Form IPI with the Reserve Bank within ninety days. The property may be mortgaged to an authorised dealer for borrowings. Specified persons require prior Reserve Bank approval, except for leases not exceeding five years. Act-Rules FEMA Sat, 19 Oct 2019 16:25:57 +0530 https://www.taxtmi.com/acts?id=37924