Purchase of Property

This query is : Resolved 

15 November 2010 I want to knowthe full procedure and in further details

16 November 2010 Dear Ashish

As per 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.

Applications in the form as specified in the above notification may be submitted to the Chief General Manager, Reserve Bank of India, Central Office, Exchange
Control Department, Trade Division (Exports), Amar Building, Mumbai through the authorised dealer.

If require furthere details please feel free to contact

Best Regards

C.A.Laxmikant Saini


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