Monday, May 10, 2021

Approval u/s 31 of FERA to be obtained before foreign national alienates property in favour of a third party: HC

FEMA amp; BANKING: Section 31(1) of FERA does not require foreign national to obtain permission at time of entering into agreement for sale per se; material point of time for being granted approval is before foreign national takes steps to alienate property in question in favour of a third party.

from www.taxmann.com Latest Case Laws https://ift.tt/2RFGAVE
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