CAN A FORIEGN COMPANY ACQUIRE FLAT IN INDIA FOR DIRECTOR

CA Mayur Sojrani (CA) (318 Points)

28 December 2010  

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