The Power of Attorney is often taken as a legal term bearing many formalities and legal obligations but out of the legal world there is an emotional aspect connected with this i.e., bond of trust. The power of attorney is the delegation of powers to another person on the basis of trust that other person […]
IntroductionProperty disputes in India have increasingly become a common issue for Non-Resident Indians (NRIs), who tend to experience peculiar challenges dealing with their ancestral or self-bought properties from overseas. These issues are due to a number of reasons such as distance, lack of familiarity with local laws and changing legal structures, and susceptibility to unauthorized […]
Non-resident Indians (NRIs) frequently have deep connections with their homeland, and owning real estate is a wise investment as well as an emotional bond. However, overseas individuals may struggle to understand India’s complex land registration laws. The legal framework, qualifying requirements, necessary paperwork, and detailed procedures associated with the land registry process for NRIs are […]
In an increasingly globalized world, many Indians have settled abroad along with their children, leaving behind their land. Such land not only carries emotional connections and memories but also has significant monetary values attached to it.Whereas transferring property to such NRI children involves a number of legal, procedural, and tax aspects.This article tries to present the different facets of property transfer to NRI children, including inheritance laws, modes of transfer, documentation, and taxation.Property Ownership […]
IntroductionNon-resident Indians (NRIs) frequently own property in India and renting them out can help in generating income. However, it is not easy to manage and maintain tenants while staying abroad. At the time of renting out the property in question the parties are required to execute the agreement which is called Leave & License Agreements […]
Summary The Reserve Bank of India issued new set of guidelines to streamline the process of reactivating dormant accounts and ensuring that the accounts do not remain unused for longer period of time and some activities are carried out regularly. These new guidelines ensure simpler methods of reactivation of dormant accounts and provide secure and […]
Summary This article dives deep into the realm of property investments and management for NRIs, including the concept of NRI property investments and management. The idea of property taxation for NRIs is the key point that puts up to the complex nature of investments in property for NRIs. The Indian property market is very diverse […]
IntroductionNRIs handling their finances across different countries can be challenging. To ensure financial stability, NRIs should be aware of NRI banking services and repatriation procedures. This article aims to equip NRIs with the knowledge to navigate international banking and fund transfers confidently.Banking Services for NRIs: NRI banking services meet the financial needs of the Indian […]
IntroductionLitigation can be challenging; hence, it necessitates comprehension of rules that make the process less stressful and more fruitful in a quick manner.Disputes among property owners are common in all fields of law and arise out of different situations. The problems may relate to disputes over land titles, inheritance, leases, proximity of other owners’ properties, […]