Can a company formed by NRI directors buy property in India
This query is : Resolved
16 February 2009
A company is formedin which all the directors are NRI. can such company Buy and Sell properties in India and if yes what are the restrictions and permissions applicable in such case?
16 February 2009
For limited purpose of conducting their company activities they can acquire. But they should not do real estate business using this property.
16 February 2009
ok so can the company trade in shares and other securities.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Error whilst validation
- Required to submit form 10IEA_fy 24-25
- ERRROR IN ITR2 FILING
- Reminder of Dues under the WBGST Act’17
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- ITR3
- Money lost in stock market related scam
- Rebate u/sec. 87A manually
- GSTR ITC relationship
- TDS deducted in different section but Deposited in a Single section via Single challan
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
- Hash value error indicated whilst validating itr 2 online
- Allowability of itc on building materials etc for resorts
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
Trending Online Classes
CAclubindia
