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Lifting of lock-in period for repatriation of sale proceeds of immovable property situated in India

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Full Text of the Document

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....Dealers in Foreign Exchange Madam/Sirs, Lifting of lock-in period for repatriation of sale proceeds of immovable property situated in India Attention of authorised dealers is invited to Regulation 6 (b) (ii) of Reserve Bank Notification No. FEMA 21/2000-RB dated May 3, 2000 in terms of which authorised dealers have been permitted to allow Non-Resident Indians/ Persons of Indian origin, (NRIs/PI....

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