https://www.taxtmi.com/acts?id=37929 Rule 31 restricts the acquisition or transfer of immovable property in India by citizens of specified countries unless prior permission of the Reserve Bank is obtained. The restriction does not apply to leases not exceeding five years or to an Overseas Citizen of India. "Citizen" includes both natural persons and legal entities, extending the restriction to entities connected with the specified jurisdictions. en-us Sat, 19 Oct 2019 16:28:43 +0530 Tue, 01 Sep 2026 11:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37929 Rule 31 restricts the acquisition or transfer of immovable property in India by citizens of specified countries unless prior permission of the Reserve Bank is obtained. The restriction does not apply to leases not exceeding five years or to an Overseas Citizen of India. "Citizen" includes both natural persons and legal entities, extending the restriction to entities connected with the specified jurisdictions. Act-Rules FEMA Sat, 19 Oct 2019 16:28:43 +0530 https://www.taxtmi.com/acts?id=37929