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Fema

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Mohammed (Querist)
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02 March 2012
I have a query, please if you can assist me on the same.

A person of Indian origin who is carrying a (PIO) card i.e Person of Indian
Origin Card and having a passport of USA can he became a shareholder of a
company who is dealing in real estate business in India?

Whether FEMA regulations would permit him in investing in real estate
business?

Can you please provide me a detail solution along with the notification which relates to the same?

Mohammed (Querist)
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03 March 2012 Can someone please advice on the query?

Mohammed (Querist)
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14 March 2012 No answer to the query hence closing the same

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