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 […]