Acquisition of immovable property outside India- Branches/trading offices overseas

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....  To All Authorised Dealers in Foreign Exchange Madam/Sir, Acquisition of immovable property outside India-Branches/trading offices overseas In terms of Regulation 3 of Notification No.FEMA7/2000-RB dated May 3, 2000 no person resident in India shall acquire or transfer any immovable property outside India without general or special permission of Reserve Bank. 2. It has now ....

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....ircular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, G. Padmanabhan General Manager-in-Charge ANNEXURE [A.P.(DIR Series) Circular No.71 dated January 13, 2002] Application for acquisition of immovable property overseas- Branches/trading offices 1. Name and address of the company - &nbs....

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..... Overdue export outstandings, if any. :       5. Details of property proposed to be acquired :       6. Purpose for acquiring property :       7. Amount of funds to be remitted :       8. Source of funds :       9. Whether under in....