Engaging Overseas Indians

P.K. Mohanty** India’s engagement with its overseas community has been mainstreamed with the establishment of a focal Ministry – the Ministry of Overseas Indian Affairs (MOIA) - for all matters relating to overseas Indians. The Ministry’s mandate is to serve as a friend and guide to overseas Indians comprising Persons

Acquisition and Transfer of Immovable Property by NRIs

Acquisition and Transfer of Immovable Property in India by a person resident outside India. By Mr. Niraj Vimal Punmiya, Advocate & Mrs. Dimple Niraj Punmiya, C.A. I. Regulations / Directions issued by Reserve Bank of India Q.1 Where can one find regulations / directions issued by Reserve Bank for acquisition and transfer

Overseas Citizenship of India

OVERSEAS CITIZENSHIP OF INDIA - AKSHEY KUMAR Akshey Kumar* 15:11 IST The 4th Pravasi Bhartiya Diwas at Hyderabad will make a history when the first Overseas Indian Citizenship Certificate will be handed over by the Prime Minister, Dr. Manmohan Singh at its inaugural

FEMA for NRIs

FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) And BUYING AND SELLING OF IMMOVABLE PROPERTY IN INDIA 1. Foreign Exchange Management Act, 1999 has come into force from 1st June, 2000 replacing the earlier Act of Foreign Exchange Regulation Act, 1973. The Reserve Bank of India had made regulation under clause (1)

Real Estate Investment for NRIs

Real Estate Investment for NRIs Rajkumar S. Adukia Chartered Accountant radukia@vsnl.com Investing in immovable properties in India is not a Herculean task for the NRIs anymore. We have come a long way from the days of FERA (Foreign Exchange Regulation Act) regime, when buying or selling of immovable property was governed by the citizenship

Acquisition and Transfer of Immovable Property by NRI

Acquisition and Transfer of Immovable Property in India by a person resident outside India. By Mr. Niraj Vimal Punmiya, Advocate & Mrs. Dimple Niraj Punmiya, C.A. I. Regulations / Directions issued by Reserve Bank of India Q.1 Where can one find regulations / directions issued by Reserve Bank for acquisition and transfer

OVERSEAS CITIZENSHIP OF INDIA

OVERSEAS CITIZENSHIP OF INDIA Akshey Kumar* The 4th Pravasi Bhartiya Diwas at Hyderabad will make a history when the first Overseas Indian Citizenship Certificate will be handed over by the Prime Minister, Dr. Manmohan Singh at its inaugural ceremony on 7th January, 2006. This will

FAQs Acquisition and Transfer of Immovable Property

Acquisition and Transfer of Immovable Property in India by a person resident outside India. By Mr. Niraj Vimal Punmiya, Advocate & Mrs. Dimple Niraj Punmiya, C.A. I. Regulations / Directions issued by Reserve Bank of India Q.1 Where can one find regulations / directions issued by Reserve Bank for acquisition and transfer

Investment in Immovable Property and Tax Planning for NRIs

Investment in Immovable Property and Tax Planning for NRIs Rajkumar S. Adukia Chartered Accountant radukia@vsnl.com Investing in immovable properties in India is not a Herculean task for the NRIs anymore. We have come a long way from the days of FERA (Foreign Exchange Regulation Act) regime, when buying or selling of immovable property was

Home Loans and Law for NRI’s

Home Loans and Law for NRI's By Vimal Punmiya, LLB (Gen.) In a bid to have a cutting edge some known institutions have sanctioned loans to consumers who unfortunately have been cheated by builders. All consumers need to know relevant laws and their guidelines to avoid falling into squabbles with builders later.