Provisions under section 6 (4) of Foreign Exchange Management Act, 1999 - Clarifications

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....999 - Clarifications Attention of Authorized Dealers is invited to Section 6 (4) of FEMA, 1999 in terms of which a person resident in India may hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India or inherited from a....

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....al to the same, held outside India by a person resident in India acquired by way of inheritance from a person resident outside India. • A person resident in India may freely utilise all their eligible assets abroad as well as income on such assets or sale proceeds thereof received after their return to India for making any payments or to make any fresh investments abroad without appro....