will deed

Jolly James 9447287658 (Querist) 07 October 2010 This query is : Resolved
1, Father executing a will in favor of his son now he is an American citizen ( Person of Indian Origin ) Is there any impediment to hold the property obtained by will deed as per Foreign Exchange Management Act.

2, If a person obtained some property by will deed, whether it can be say that he inherited the property

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Devajyoti Barman (Expert) 07 October 2010
1. No
2.No

Jolly James 9447287658 (Querist) 07 October 2010
Sir then what it mean section 6 (5) of FEMA 1999

A V Vishal (Expert) 07 October 2010
1. There is no impediment to hold such property inherited by will or otherwise.

2. The property is treated as inherited property.

M/s. Y-not legal services (Expert) 07 October 2010
Yes.. Both of your question's answer is NO only..

aman kumar (Expert) 13 October 2010
AGREE

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will deed

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