Single format · FV08-I3-2

Checklist, company purchasing immovable property from a non-resident

A single format from the Tax on Property Transactions with Non-residents, TDS by the Buyer, Lower Deduction and Capital Gains pack. FEMA · Companies Act · ITA 2025.

Length
2 pages
Blanks to fill
26
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Checklist, company purchasing immovable property from a non-residentFEMA · Companies Act · ITA 202526 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Client closing checklist — tick, date and initial each item

CLOSING CHECKLIST: ACQUISITION OF PROPERTY FROM A PERSON RESIDENT OUTSIDE INDIA

#

Item

Law

Done / date

A. FEMA

1

Seller's citizenship and OCI status verified; not a Rule 31 citizen (or OCI / RBI approval on file)

NDI Rules r.31

[__]

2

Seller's mode of acquisition traced and lawful (r.24 / s.6(5) / inheritance / r.26)

NDI Rules r.24, 30

[__]

3

Property not agricultural land, plantation or farm house (or seller eligible to sell to the company)

NDI Rules r.24

[__]

4

Consideration payable only by banking channels into seller's account in India

NDI Rules r.32

[__]

5

FEMA declaration clause in agreement and deed

—

[__]

B. Companies Act

6

Board resolution approving purchase and authorising signatories

s.179

[__]

7

Related-party test; if related, board approval with interested director abstaining; members' ordinary resolution if Rule 15(3) threshold crossed

s.188

[__]

8

Registered valuer's report (related party / non-cash consideration)

s.188; s.192

[__]

9

Interest disclosures (MBP-1) current for any director connected with the seller

s.184

[__]

1 more paragraphs and tables follow in the full format.

More in RBI, FEMA & Cross-border