IPI
(See Regulation 5)

Declaration of immovable property acquired in India by a person resident outside India

Instructions:

The declaration should be completed in duplicate and submitted directly to the Chief General Manager, Exchange Control Department, (Foreign Investment Division – III), Reserve Bank of India, Central Office, Mumbai-400 001 within 90 days from the date of acquisition of the immovable property.

Documentation:

Certified copies of letter of approval from Reserve Bank obtained under section 6(6) of FEMA, 1999 (42 of 1999).

1	Full name and address of the acquirer who has acquired the immovable property
2	(a) Description of immovable property	(a)
	(b) Details of its exact location stating the name of the state, town and municipal/survey number, etc.	(b)
3	(a) Purpose for which the immovable property has been acquired	(a)
	(b) Number and date of Reserve Bank’s permission, if any,	(b)
4	Date of acquisition of the immovable property
5	(a) How the immovable property was acquired i.e, whether by way of purchase or lease	(a)
	(b) Name, citizenship and address of the seller/lessor	(b)
	(c) Amount of purchase price and sources of funds.	(c)

I/We hereby declare that –

(a) the particulars given above are true and correct to the best of my/our knowledge and belief;

(b) no portion of the said property has been leased/rented to, or is otherwise being allowed to be used by, any other party.

Encls:

Place………………… Date…………………..

Stamp

…………………………………. (Signature of Authorised official) Name ………………………………. Designation:………………………..

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