Fema violation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2012 An NRI purchased agricultural land in India without the permission of RBI. What are the cosequences? Is there any redressal options? Plsssssss help.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 July 2012 Let us talk this in INDIAN context. In many states of INDIA, there is a rule that a NON AGRICULTURIST can NOT buy agricultural LAND. In spite of that people buy it. Subsequently, sellers get the collector non agricultural use permissions. This has been happening for hectares of LAND BANKs. Now the answer to your question could be.... legal consequences could be HARSH. But when many people are buying acres of farm houses, majority will prevail. No tensions.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

Choudhary

HITESH NIRANJAN SAHU

Tax Expert Group

N.Chandrasekaran

Subscribe Now

Fema violation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant

Accountant

CA Final

GST CONSULTANT