Fema- purchase of agriculture land
This query is : Resolved
Quick Summary
24 March 2022
whether an Indian pvt ltd company in which Resident indians share is 75% and NRIs shareholding is 25% can buy agriculture lands in india?. thanks n regards
CA R SEETHARAMAN
(Expert)
24 March 2022
Company incorporated in India, can purchase agriculture land. You can start agricultural activities immediately after buying the land.
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24 March 2022
sir, suppose NRIs hold major share still that company can buy agrl land? thanks
CA R SEETHARAMAN
(Expert)
24 March 2022
Not possible in such a case.
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