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?
CA. B.SRINIVASULU
(Expert)
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.
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