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Section 4: Exemptions

the Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015.Central Regulations · 1999

Nothing contained in these regulations shall apply to the property -

(a) held by a person resident in India who is a national of a foreign state;

(b) acquired by a person resident in India on or before 8th July 1947 and continued to be held by him with the permission of the Reserve Bank.

Where this provision sits

Actthe Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015.
Section4
Marginal noteExemptions
JurisdictionCentral
StatusIn force as published by the source

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