Probate of Will and Letter of Administration in India
Now that Parliament has removed the rule that made probate compulsory in Kolkata, Mumbai and Chennai, should an executor still go to court before acting on a will? For most estates of real value the answer is still yes, though for different reasons than before. A probate of will is a certified copy of the...
Read MoreLegal Heir Certificate vs Succession Certificate in India
When a parent or spouse dies without a will, which document will the bank, the registrar or the share transfer agent actually accept from the family? Most families discover the answer only after a counter clerk returns their papers. A legal heir certificate is an administrative document issued by the revenue department that identifies the...
Read MoreNRE vs NRO vs FCNR: FEMA Rules and the Mistakes That Are Hard to Undo
Most NRIs open their first non-resident account at the branch where the family already banks, usually on the relationship manager’s advice. It feels like paperwork. Under the Foreign Exchange Management Act, 1999 (FEMA), it decides what money can go into the account, what can leave India, how the interest is taxed and who can operate...
Read MoreFEMA Filings and Penalties Checklist for Companies with Foreign Investment in India
Introduction An Indian company that takes money from a foreign investor starts a reporting relationship with the Reserve Bank of India the day the funds arrive. Most FEMA filings come with short windows, some as tight as 30 days, and a missed date turns into a late fee or a compounding application. This checklist covers...
Read MoreHow Can NRIs Handle Family Disputes in India Without Being Physically Present?
A brother sells the family flat in Pune without asking you. Your late father’s will surfaces with a clause nobody mentioned. Your spouse files for divorce in a Delhi family court while you are in Toronto. An NRI family dispute in India usually starts with a phone call like this, and the first worry is...
Read MoreNRI Property Sale Repatriation: FEMA Rules for Transferring Sale Money Abroad
Selling a flat in Pune or a plot in Gurugram is the easy half. Getting the money into your bank account in Toronto, Dubai or London is where most NRIs get stuck, usually because the bank asks for a document nobody told them about. NRI property sale repatriation is governed by the Foreign Exchange Management...
Read MoreWhat an NRI or OCI Can Actually Own in India Under FEMA
Most NRI property questions we get start the same way: “Can I buy this flat?” The answer is usually yes. The trouble tends to come later, when a client learns the land their father left includes a farm, or that the money from selling a third apartment can’t all go abroad at once. This guide...
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