CAN A COMPANY WHICH IS REGISTERED ABROAD PURCHASE FLAT

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CA Mayur Sojrani (Querist)
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28 December 2010 HEY CAN A COMPANY WHICH IS REGISTERED ABROAD PURCHASE FLAT IN INDIA FOR DIRECTOR.

WHAT R THE RBI & FEMA NORMS.
PLZ PROVIDE THE LINK OF THAT.

sachin

sachin (Expert)
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29 December 2010 http://www.nriol.com/resources/faqs/property.html

sachin

sachin (Expert)
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29 December 2010 http://www.nriol.com/resources/faqs/property.html

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CA Mayur Sojrani

CA Mayur Sojrani (Querist)
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29 December 2010 hey dear i have not get the answer of my question in your link.
My question is regarding a company which is registered outside India having no business in India.
Can this company purchase an immovable property in india.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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03 July 2011 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.

Anuj
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