Regulation 6A - General Permission for Investment in Agricultural Operations Overseas Directly or through Overseas Offices - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004

6A. General Permission for Investment in Agricultural Operations Overseas Directly or through Overseas Offices A person resident in India being a company incorporated in India or a partnership firm registered under Indian Partnership Act, 1932, may undertake agricultural operations including purchase of land incidental to such activity either directly or through their overseas offices; Provided that (a)the Indian party is otherwise eligible to make investment under Regulation 6 and that such investment is within the overall limits as specified in Regulation 6. (b) for the purposes of investment under this regulation by acquisition of land overseas the valuation of the land is certified by a certified valuer registered with the appropriate valuation authority in the host country.