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Declaration of immovable property acquired in India by a person resident outside India who has established in India a branch, office or other place of business, excluding a liaison office



Ozg FEMA Consultant

Phone # 09811415831-37-61-72-84-92-94

Website: fema.in 



                                                          
( See Regulation 5 )

Declaration of immovable property acquired in India by a person resident outside India who has established in India a branch, office or other place of business, excluding a liaison office

Instructions:

1.    The declaration should be completed in duplicate and submitted directly to the Chief General Manager, Foreign Exchange  Department, (Foreign Investment Division), Reserve Bank  of India , Central Office , Mumbai – 400001 within 90 days from the date of acquisition of the immovable property.
2.    This form is not to be submitted by a person resident outside India who is a citizen of India or a Person of Indian Origin (PIO) acquiring immovable property in India under General Permission in accordance with Regulations 3 and 4 of Notification No. FEMA 21/2000-RB dated May 3, 2000.

Documentation:

Certified copies of letter of approval from Reserve Bank obtained under section 6(6) of FEMA, 1999 (42 of 1999).

1

Full name and address of the acquirer who has acquired the immovable property


2
(a)
Description of immovable property
(a)


(b)
 Details of its exact location stating the name of the state, town and municipal/survey number, etc
 (b)

 3

(a)
Purpose for which the immovable property has been acquired
(a)


(b)
Number and date of Reserve Bank’s permission , if any
(b)

 4

Date of acquisition of the immovable property


 5
(a)
How the immovable property was acquired i.e. whether by way of purchase or lease
(a)


(b)
Name , citizenship and address of the    seller/lessor
(b)


(c)
Amount of purchase price and sources of funds
(c)

    
I/ We hereby declare that-

(a)    the particulars given above are true and correct to the best of my/our knowledge and belief;

(b)            no portion of the said property has been leased /rented to, or is otherwise being allowed to be used by, any other party.


   Encls:                                                                     ---- ---------------------------------
                                                                              (Signature of Authorised official) 
                                                   Stamp

Place: -------                                                              Name:------------------------------
Date:--------                                                               Designation:---------------------


Ozg FEMA Consultant

Phone # 09811415831-37-61-72-84-92-94

Website: fema.in