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Property

FERA

Welcome to our lesson on the Foreign Exchange Regulation Act (FERA) of 1973. This act was put in place to regulate various financial transactions related to foreign exchange, securities, and the import/export of currency. It also addresses the acquisition of immovable property by foreigners. It is important to note that under Section 31 (1) of FERA, foreign corporations that are not incorporated in India must obtain permission from the Reserve Bank of India (RBI) before acquiring, holding, transferring, or disposing of any immovable property in India, except for a lease of up to five years.

Project management

As a skilled professor in finance, it is important to understand the key responsibilities of a leader in the development of land projects. This role involves not only planni...

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Penal rent

Rent default is a grave matter that can result in severe financial consequences for tenants. In such cases, the landlord may impose a penalty known as "liquidated damages," w...

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User

Property utilization refers to the utilization of a property or the right over it. This includes the enjoyment or use of such property for personal or commercial purposes. F...

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Fire certificate

A fire certificate, required by law for hotels, boarding houses, factories, offices, shops, and railway premises, is a document that ensures safety measures are in place to ...

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