Can someone who is not a resident Indian or an NRI be my nominee?

Can someone who is not a resident Indian or an NRI be my nominee?

0
SmartOwner
Anonymous answered
0
SmartOwner

If a foreign citizen inherits an immovable property in India, he can continue to hold it. However, upon the sale of the property, the foreigner may repatriate the funds outside India only with the prior approval of the Reserve Bank of India.

SmartOwner edited answer
Write your answer..
Attach file add from link

Real Insights, right in your inbox.

We promise never to share your email ID with anyone.
Stay updated