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The Tax PublishersForeign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2000 Notification No. FEMA 7/2000-RB, dt. 3-5-2000, issued by Reserve Bank of India (Foreign Exchange Department) Central Office, Mumbai - 400 001. Futher Amended by Notification No. FEMA 103, dt. 13-10-2003 In exercise of the powers conferred by clause (h) 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 hereby makes the following regulations relating to acquisition and transfer of immovable property outside India, namely : 1. Short title and commencement(i) These regulations may be called the Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2000. (ii) They shall come into force on 1-6-2000.
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