April 10, 2017

FEMA – How it defines citizens

FEMA Foreign Exchange Management Act - immovable property in India

The Foreign Exchange Management Act, 1999 enables the Reserve Bank to build laws to prevent, limit or control the acquisition or transfer of immovable property in India by the NRIs. The FEMA denies buying or transfer of real estate in India by the citizens of certain countries. It mentions – No person who is a […]

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