20 November 2008
the details of the situation are as follows 1.company is located in USA 2.the above company has wholly owned subsidiary in india 3.the CEO is a US citizen who is also one of the 4 directors 4.two Directors are indians and other two directors are from USA , one of them is CEO cum director THE QUESTION IS CAN THE CEO, AN AMERICAN ,BUY LAND IN HIS NAME FOR BUSINESS AND RESIDENTIAL PURPOSE IN INDIA. 5.which of the statutes affect the above situations
CAclubindia
