An act to regulate certain payments dealing in foreign exchange, securities, the import and export of currency and acquisition of immovable property by foreigners Under section 31(1) of the foreign exchange regulation act (FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank of India (RBI) to acquire , hold, transfer or dispose off in any manner (except by way of lease for a period not exceeding five years) any immovable property in India
An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners Under Section 31 (1) of the Foreign Exchange Regulation Act ( FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India
An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and accquistion of immovable property by foreigners Under Section 31(1) of the Foreign Exchange Regulation Act (FERA) of 1973, It is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank of India (RBI) to acquire hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India