As per FEMA Act 1999 an NRI cannot purchase agricultural property in India without the prior permission of RBI.So what is the legal implication if an NRI had purchased agricultural property without the permission of RBI or is there any exception to this rule??
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Fema act 1999
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Its shall be violation of FEMA and henc liable for pealty under FEMA.....Read more foe panlties////there is heavy penalties fro this.....
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