RBI clarifies on Acquisition/Transfer of Immovable Property in India by Overseas Citizen of India (OCIs)

RBI today said that a large number of queries have been received at various offices of the Reserve Bank, based on newspaper reports on a Supreme Court Judgement, on whether prior approval of RBI is required for acquisition/transfer of immovable property in India by as Overseas Citizen of India OCIs. In this regard, Central Bank…

Bank Holidays 2022: Chandigarh UT

Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the Union Territory during the year 2022:- Sr.No Date Day Occasion/Festival Date 1 09.01.2022 Sunday…