RBI says OCIs don’t need its approval for acquisition or transfer of immovable property in India
Overseas Citizens of India (OCI) do not require prior approval of the Reserve Bank of India (RBI) for the acquisition and transfer of immovable property in India, the RBI said in a clarification issued on December 29. “At present, NRIs/OCIs are governed by provisions of FEMA 1999 and do notRead More