FEMA - Transfer of Farm Land by PIO

Ruchie Khanna (Company Secretary) (123 Points)

12 August 2010  

Dear All,

As per the FEMA (Acq. & Tr of Immovable properties in India) Rules, 2000 a person of Indian Orgin can transfer by gift agricultural lands to an Indian Citizen under the general permissions of RBI.

Can anyone provide me the procedure for the same?? Can the gift be made by mere execution of Gift Deed..Any RBI approvals and forms need to be filed??

Pl. Help!!

Thanks & Regards,

Ruchie