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Can a foreign national of non-Indian origin resident outside India transfer by way of sale agricultural land or plantation property or farm house acquired by him in India?

April 26, 2017foreign India National non-Indian origin outside resident sale transfer

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Can a foreign national of non-Indian origin resident outside India transfer by way of sale agricultural land or plantation property or farm house acquired by him in India?

1 Answer

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A. A foreign national of non-Indian origin resident outside India would need to seek prior approval of Reserve Bank for transfer share, by way of sale, agricultural land or plantation property or farm house acquired in India.