Sunita Willams is an astronaut of Indian Origin. She is going to spend six months in space.
A proud achievement indeed for her. We in India have a sense of pleasure and pride. She said before leaving for her mission that she is carrying a small Gita with her.
On the other hand, when there is a gathering of bollywood stars, whether in Kulalumpur or Dubai or Amsterdam or anywhere, the Indians residing over there get excited. A massive crowd gathers to look at them, to talk to them or to have an opportunity to shake hands with them.
The bond is visible.
It is a privilege to launch this site for them.
Non Resident Indians commonly known, as NRI is a term almost heard by most of the people. Very few, however, are aware of the exact meaning of the term. Which persons are to be categorized as NRIs? There are different legal definitions for Resident Indians, Non-Resident Indians and Persons of Indian Origin living abroad. This site is being launched with an aim to make available information on various issues, to above category of persons. The site has been conceived by Ashok Kumar Bhasin, who has thirty years of experience on the related subjects. He is presently a Delhi based Advocate and consultant, who has also been conferred the President of India award in recogination of his commitment to work and outstanding services.
Special care has been taken to present the information in a compact and easy manner. Various questions that occur in one’s mind have been collected and best possible replies, based on different provisions of law are framed. All these are available on site.
IMPORTANT PROVISIONS
1. Regulation 2(XI), 2 (XII) and 5 of FEM (Deposit) Regulations, 2000. 2. Regulation 3(a), 4 and 5 of FEM (Acquisition and Transfer of Immovable Property in India) Regulation, 2000. 3. FEM (Offshore Banking Unit) Regulation, 2002. 4. Section 2(30) of Income Tax Act, 1962. 5. Section 6(6) of Income Tax Act, 1962. 6. Section 5(2) of Income Tax Act, 1662. 7. Section 48 of Income Tax Act, 1962. 8. Rule 3 of Baggage Rules, 1998. 9. Section 77, 78, 79, 80 and 81 of the Customs Act, 1962. 10. Para 2.8 of Foreign Trade Policy. 11. Chapter 5 of Foreign Trade Policy. 12. Section 7 of SEZ Act, 2005. 13. Rule 5, 18(4), 53 and 19(7) of the SEZ Rules, 1955. 14. Section 2(ee) of the Citizenship Act, 1955. 15. Section 7(A) of the Citizenship Act, 1955. 16. Rule 25G of the Citizenship Rules, 1956.