Restriction on acquisition or transfer of immovable property outside India

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..... cquire or transfer any immovable property situated outside India without general or special permission of the Reserve Bank: Provided that nothing contained in this rule shall apply to a property- (i) held by a person resident in India who is a national of a foreign State; (ii) acquired by a person resident in India on or before the 8th day of July, 1947 and continued to be held by such person .....

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..... hat such remittances under the Liberalised Remittance Scheme may be consolidated in respect of relatives if such relatives, being persons resident in India, comply with the terms and conditions of the Scheme; (d) jointly with a relative who is a person resident outside India; (e) out of the income or sale proceeds of the assets, other than ODI, acquired overseas under the provisions of the Act .....

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