Agriculture land-india transfer/add query


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hakuna matata   
Member since: Jan 10
Posts: 18
Location:

Post ID: #PID Posted on: 18-10-10 17:13:18

Hi,
Me and my wife came to canada on PR. my wife is 4 month pregnant and we are expecting our first child in april 2011.
i have agricultural land in india and i am included as a farmer on that property.
my question is: if baby born in canada then he/she will be canadian citizen by birth and become a person of indian origin.
in this condition can i add/transfer my agriculture land to my baby.:confused:

i have gone through the below link but need experts advice on that.
http://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=175
&
http://www.nriinternet.com/INDIA/NRI%20information/NRIs%20to%20India.htm

Thanks in advance,

H M.



imwhoever   
Member since: Aug 09
Posts: 277
Location: My laptop

Post ID: #PID Posted on: 21-10-10 14:28:07

Sorry its not answer to your question, but want to know have you got some answer?



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 21-10-10 22:23:29

4. Acquisition and Transfer of Property in India by a Person of Indian origin
A person of Indian origin resident outside India may -
....
(c) acquire any immovable property in India by way of inheritance from a person resident outside India who had acquired such property in accordance with the provisions of the foreign exchange law in force at the time of acquisition by him or the provisions of these Regulations or from a person resident in India;
______________

You should consult a lawyer in India but I think what it says is that PIOs can acquire agricultural property in India only by way of inheritance.


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hakuna matata   
Member since: Jan 10
Posts: 18
Location:

Post ID: #PID Posted on: 24-10-10 10:32:48

i got confirmation from district collector office gujarat and lawyer,
Yes, it's possible to add/transfer any type of property under inheritance.

i found one good link understand basi fema rules for NRI.
http://www.slideshare.net/vinitdeo/fema-quick-guide-for-nris-compatibility-mode

thanks to all for ur concern in this matter.

H M.





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