can a foreign national of non indian origin can own a non mo
This query is : Resolved
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
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
CA. Anuj Gupta
(Expert)
04 October 2011
FEMA doesn't permit a non-resident to purchase land in India.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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