FEMA
Centre has sounded warning to State governments over reports that foreign nationals are buying immovable property illegally in some parts of the country in violation of the rules and regulations under FEMA. In a recent letter to State governments including Orissa, Centre has intimated that foreign nationals coming to India and staying beyond 182 days [...] Continue Reading »
The matter of registration of immovable property purchased by foreign nationals seems to be under the radar of the finance ministry now. The Finance Ministry has advised the State Government authorities to be ‘extra vigilant’ on this matter. The State Government authorities need to satisfy themselves about the eligibility of foreign nationals under the Foreign [...] Continue Reading »
