Non-resident Indian-investment in immovable properties provisions under FEMA Posted on 28 Jan 2000 Any person may sell or draw foreign exchange to or from an authorised person for a capital account transaction. Here it is pertinent to know the term capital Account... (Continue reading)
By Vimal Punmiya, FCA, LLB (Gen.) In a bid to have a cutting edge some known institutions have sanctioned loans to consumers who unfortunately have been cheated by builders. All consumers need to know relevant laws and their guidelines to avoid falling... (Continue reading)
FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) And BUYING AND SELLING OF IMMOVABLE PROPERTY IN INDIA 1. Foreign Exchange Management Act, 1999 has come into force from 1st June, 2000 replacing the earlier Act of Foreign Exchange Regulation Act, 1973. The Reserve Bank... (Continue reading)