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Question ID : 42248

FEMA

whether an Indian pvt ltd company in which Resident indians share is 75% and NRIs shareholding is 25% can buy agriculture lands in india. thanks n regards

Posted by madhav rao on Mar 31, 2022

Filed Under CORPORATE & OTHER LAWS

Answer ID : 81444

There is no such restriction in the companies act 2013, although one must have to check the local municipal norms where agriculture land is situated.

Posted by HARJEET on Mar 31, 2022