Who is a PIO?

Who is a PIO?

Who is a PIO?

The Definition Of ‘Person of Indian Origin’ Is Defined Under Section 2 (B) Of Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000 And Under Section 2 (Xii) Of Foreign Exchange Management (Deposit) Regulations, 2000 As Given Under: –

Person of Indian Origin’ Means A Citizen of Any Country Other Than Bangladesh or Pakistan, If
He at any time held an Indian passport; or
He or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or
The person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b)”

Person of Indian Origin (PIO) For the Purpose Of Acquiring Immovable Property In India As Given Under: –

‘Person of Indian Origin’ Means an Individual (Not Being a Citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who at any time, held an Indian passport; or
Who or either of whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955)