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can a foreign national of non indian origin can own a non mo

This query is : Resolved 
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(Querist)
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
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CA. Anuj Gupta

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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
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