FDI or Foreign Direct Investments is an investment in the form of controlled ownership in a business in another country. There are two routes by which India gets FDI. 1. Automatic route: By this route, FDI is allowed without prior approval by Government or…
FEMA or Foreign Exchange Regulations Act, 1999.: The object of the Act is to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign…
Purchase of Property: NRI (Non Resident Indian) can purchase any residential or commercial property with the permission from the RBI. However the NRI cannot purchase any agricultural land, plantation property or farmhouses in India. So, if an NRI wants to purchase…