Three Questions: 1: Do guidelines (as in the RBI guidelines) constitute the law?
2: What if the property was purchased before the FEMA, 1999.came into effect? 3: Does Indian law permit the retroactive application of the law? jc On 2 February 2015 at 03:16, Marshall Mendonza <[email protected]> wrote: > The RBI guidelines on acquisition of immovable property by NRI's, PIO's and > Foreign Nationals is very clear. If one has gone through it or studied it, > there should be no confusion. I am appending below weblink to the > guidelines and also highlighting critical points which are all > self-explanatory:
