CHANGE OF RESIDENTIAL STATUS
A Non-Resident Indian will be treated as a person resident in India if he returns to or stays in India, in either case:­-
(a) for or on taking up employment in India, or
(b) for carrying on in India, a business or vocation, or
(c) for any other purpose, in such circumstances as would indicate his intention to [...]

Schedule 2 and 3 of the Notification No. FEMA 20/2000 RB contains provisions relating to Portfolio investment by NRIs. OCBs are not allowed to make fresh investments in India under the Portfolio Investment Scheme vide Notification No. FEMA 46 dated 29th November 2001. Further, in September 2003, RBI has banned OCBs from investing in any manner [...]

I   Acquisition of Immovable Property in India

Q.1 Who can purchase immovable property in India?
A.1 Under the general permission available, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India
ii)  Person of Indian Origin (PIO)- that is an individual (not being a citizen of [...]

Acquisition and Transfer of Immovable Property in India by a Person Resident outside India
Acquiring immovable property in India by persons resident outside India is regulated in terms of Section 6(3) (i) of the Foreign Exchange Management Act (FEMA), 1999 as well as by the regulations contained in Notification issued by RBI viz Notification No FEMA. [...]

 Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme.
Are intermediaries expected to seek specific approval for making overseas investments available to clients?
Banks including those not having operational presence in India are required to obtain prior approval from Reserve Bank for soliciting deposits for their foreign/overseas branches or for acting as agents for overseas [...]

The Reserve Bank of India had announced a Liberalized Remittance Scheme (the Scheme) in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. As per the Scheme, resident individuals may remit up to USD 200,000 per financial year for any permitted capital and current account [...]

Introduction
The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Act, freedom has been granted for buying and selling of foreign exchange for undertaking current account transactions. The Government has issued Foreign Exchange Management (Current Account Transactions) Rules, 2000 which have been notified [...]

Notification No.FEMA. 156 /2007-RB
Dated June 13,  2007
Foreign Exchange Management (Deposit) ( Amendment) Regulations, 2007
In exercise of the powers conferred by clause (f) of Sub-section (3) of Section 6, Sub-Section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India makes the following amendments in the [...]

Notification No. FEMA. 154 /2007- RB
dated:   June  07, 2007
Foreign Exchange Management (Foreign Currency Account by a
Person Resident in India) (Amendment) Regulations, 2007
In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank [...]

Notification No. FEMA. 155 /2007- RB
dated : June 07, 2007
Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) (Amendment) Regulations, 2007
In exercise of the powers conferred by clause (h) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999),  the Reserve [...]