Guide for NRIs who have purchased agriculture Land by violating FEMA

Understanding the Legal Consequences, ED Scrutiny, Penalties & Practical Guidance for NRIs  The Indian law prohibits NRIs from purchasing agriculture land, plantation land and farmhouse land in India. This restriction flows primarily from the Foreign Exchange Management Act, 1999 (FEMA) and the regulations framed thereunder.  Despite the clear ban, many NRIs knowingly or unknowingly purchase […]

CAN NRIs BUY AGRICULTURE LAND IN INDIA? DECODING THE RESTRICTIONS.

The most frequent question we encounter is – Can NRIs Buy Agriculture Land in India ? Our answer is Yes and No. Read the full blog to get a comprehensive answer. Despite the restrictions imposed under FEMA (Foreign Exchange Management Act) many Non Resident Indians have a strong desire to own agriculture land in India. Many […]