IPI
- Document type
- Other
- Dated
- Category
- FEMA Forms
Declaration of immovable property acquired in India by a person resident outside India
(See Regulation 5)
Declaration of immovable property acquired in India by a person resident outside India
Instructions:
The declaration should be completed in duplicate and submitted directly to the Chief General Manager, Exchange Control Department, (Foreign Investment Division – III), Reserve Bank of India, Central Office, Mumbai-400 001 within 90 days from the date of acquisition of the immovable property.
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:
| Place………………… Date………………….. | Stamp | …………………………………. (Signature of Authorised official) Name ………………………………. Designation:……………………….. |