Lawzer
Back to site
FORM-IPImediumReserve Bank of India

Form IPI due date — Acquisition of Immovable Property Outside India

Also searched as: immovable property outside India · FORM-IPI

Report the acquisition or transfer of immovable property outside India within 90 days of the transaction. The Overseas Investment Rules 2022 replaced the regulations that asked for it: rule 21 now only limits who may acquire such property, and regulation 10 of the Overseas Investment Regulations lists no report of it.

When it is due

90 days from the date of acquisition or transfer — no longer owed for periods from 2022-08-22

If it is late: Late Submission Fee on the amount involved and the period of delay

Track Form IPI and every other filing — free for 14 days
Due
90 days from the date of acquisition or transfer — no longer owed for periods from 2022-08-22
Frequency
Event based
If it lapses
Late Submission Fee on the amount involved and the period of delay
Statutory reference
Rule 21, FEM (Overseas Investment) Rules 2022; reg. 10, FEM (Overseas Investment) Regulations 2022

Where this date comes from

The instrument
Rule 21, FEM (Overseas Investment) Rules 2022; reg. 10, FEM (Overseas Investment) Regulations 2022

Mallah Software Services Private Limited has not independently verified this against the gazette. The citation above is the instrument this date is taken from, and it is exact enough for a professional to check. Inside Lawzer a company secretary or chartered accountant can record that they have checked it, against the rule as it read on the day — and that record is withdrawn automatically if the rule later changes. A date nobody has checked says so.

Who has to file it

Every one of these has to hold before Form IPI binds an entity:

  • holds an overseas investment
Filed on:
RBI OID Portal (through the AD bank)
Usually owned by:
Company Secretary
Typical effort:
3 hours

Common questions

What is the due date of Form IPI?
90 days from the date of acquisition or transfer — no longer owed for periods from 2022-08-22.
Who has to file Form IPI?
It applies to holds an overseas investment.
What is the penalty for filing Form IPI late?
Late Submission Fee on the amount involved and the period of delay
Where is Form IPI filed?
RBI OID Portal (through the AD bank).

This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.

Other FEMA / RBI obligations