HEY CAN A COMPANY WHICH IS REGISTERED ABROAD HAVING NO BUSINESS IN INDIA PURCHASE FLAT IN INDIA FOR DIRECTOR...?
WHAT R THE RBI & FEMA NORMS.
PLZ ALSO PROVIDE THE LINK TO THIS EXPLANATION
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CAN A FORIEGN COMPANY ACQUIRE FLAT IN INDIA FOR DIRECTOR
Replies (1)
No the foreign Company if it doesn't have any business presence in India, then it shall not be allowed to purchase the flat in India.
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