IPI7
- Document type
- Other
- Dated
- Category
- Documents & Forms
Declaration of immovable property acquired by way of purchase in India under the general permission granted vide Reserve Banks Notification No. FERA.152/93-RB dated 26th May 1993
IPI 7
[Paragraph 11 E.6(i)]
Declaration of immovable property acquired by way of purchase in India under the general permission granted vide Reserve Banks Notification No. FERA.152/93-RB dated 26th May 1993. |
Instructions :
| 1. | The declaration should be submitted to the Chief General Manager, Exchange Control Department, [Foreign Investment Division (iii)], Reserve Bank of India, Central Office, Mumbai - 400 001. |
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| 2. | A separate form may be submitted for each immovable property. |
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| 3. | In case the declaration is signed by the Power of Attorney holder of the declarant, a copy of the valid Power of Attorney duly certified by a competent authority should be submitted with the declaration. |
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| Documentation : | |
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| 4. | A certified copy of the purchase deed or a certificate from the Co-operative Housing Society or an Association of the apartment owners as an evidence of transfer/registration of the property in the declarants name. |
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| 5. | Certificate from the declarants bankers in India evidencing receipt of inward remittance/s in foreign exchange through normal banking channel or withdrawal of funds from the declarants NRE/FCNR account and payment of consideration for the property out of those funds. |
| 1. | (a) | Full name and address of the declarant who has acquired the immovable property. | (a) |
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| (b) | Citizenship of the declarant. | (b) |
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| (c) | Reasons for treating himself/ herself as a person of Indian origin. | (c) |
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| Note: | A person shall be deemed to be of Indian origin if (i) he/she at any time held Indian Passport or (ii) he/she or his/her father or grandfather was an Indian and permanent resident in India at any time. [Citizens of Pakistan or Bangladesh or Afghanistan or Bhutan or Sri Lanka or Nepal are however, deemed to be not of Indian origin] |
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| 2. | (a) | (i) | Description of residential property. | (a) | (i) |
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| (ii) | Description of commercial property. |
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| (b) | Details of its exact location stating the names of the State, town and Municipal/Survey number etc. | (b) |
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| 3. | Purpose for which the property has been acquired. |
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| 4. | Date of acquisition of the property |
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| 5. | (a) | Name, citizenship and address of the seller. | (a) |
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| (b) | Amount of purchase price - | (b) |
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| (i) | In Indian Rupees |
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| (ii) | Equivalent in foreign currency. |
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| (c) | Source of funds from which payment was made. | (c) |
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| 6. | (a) | Details of any other immovable property held in India. Also state whether residential or commercial. | (a) |
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| (b) | Date of acquisition. | (b) |
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| (c) | Source of funds from which payment was made. | (c) |
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| (d) | Whether the property was declared to Reserve Bank of India/permission was obtained. If so, details thereof may be indicated. | (d) |
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| I/we hereby declare that the particulars given above are true and correct to the best of |
| my/our knowledge and belief and the immovable property, the particulars of which have been declared in this form, has been acquired for my/our familys use. | |
| Encls.:............. |
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| Place :............. |
| Stamp |
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| Date :............. |
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| (Signature of the declarant) |
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| Name: |
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