Reserve Bank Of India (RBI) — sale of property in India by OCIs to OCI
S
susha70
from Gurgaon, Haryana
The officials of RBI emphasis that OCI is not recognized under FEMA. WHEREAS on the other hand the Prime Minister of India and the Home Department, Govt. of India under the Citizenship (Amendment)
Bill, 2015 has removed the disparity between PIOs and OCIs. This needs to be clarified by RBI HQ. to all concerned including your legal offices.
Please confirm action.
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