https://www.taxtmi.com/acts?id=37928 Persons resident outside India are generally prohibited from transferring immovable property in India, subject to permissions and specified secured-lending arrangements. Authorised dealers may permit charges securing external commercial borrowings and may create mortgages over property owned by an NRI or OCI director for an overseas company's borrowing, subject to prescribed conditions. Lawfully acquired property may be transferred by a person resident outside India to a resident through banking channels if the resident is otherwise eligible to acquire it. en-us Sat, 19 Oct 2019 16:28:12 +0530 Tue, 01 Sep 2026 11:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37928 Persons resident outside India are generally prohibited from transferring immovable property in India, subject to permissions and specified secured-lending arrangements. Authorised dealers may permit charges securing external commercial borrowings and may create mortgages over property owned by an NRI or OCI director for an overseas company's borrowing, subject to prescribed conditions. Lawfully acquired property may be transferred by a person resident outside India to a resident through banking channels if the resident is otherwise eligible to acquire it. Act-Rules FEMA Sat, 19 Oct 2019 16:28:12 +0530 https://www.taxtmi.com/acts?id=37928