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.

Related terms

Rent free period

Understand the meaning and definition of Rent free period in the context of stock market, trading, and investments.

MORE
Abatement notice

Understand the meaning and definition of Abatement notice in the context of stock market, trading, and investments.

MORE
Property management

Understand the meaning and definition of Property management in the context of stock market, trading, and investments.

MORE
Bayana

Understand the meaning and definition of Bayana in the context of stock market, trading, and investments.

MORE
Kiosk

Understand the meaning and definition of Kiosk in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers