Dear Mervyn
Thank you very much for your delightful email. I have returned back to the
daily grind in a bright, sunny and very comfortable 21C after a stint in
freezing Chilly Philly.
My interest in both the issues mentioned by you is purely academic. I am
enjoying the input of Marshall
On Wed, 2/4/15, Jose wrote:
Dear Mervyn,
True.in the West as it is in the non-West, it always is Caveat Emptor
(Buyer Beware)
Please advise HOW DIFFERENTLY you, Mervyn, would conduct due diligence from
the illustrative case infra:
The year is 1997. You visit Goa on a holiday...Fall in
Dear Mervyn,
True.in the West as it is in the non-West, it always is Caveat Emptor
(Buyer Beware)
Please advise HOW DIFFERENTLY you, Mervyn, would conduct due diligence from the
illustrative case infra:
The year is 1997. You visit Goa on a holiday...Fall in love with it. Decide to
invest
Jose Colaco:
Dear Marshall .Thank You.I am sure you are right.Even so
Let me re-submit Q 1: while the RBI guidelines are binding upon Banking
institutions and borrowers, transferrers of funds et wrt allied Banking
Matters, DOES the RBI, per se, have the legal right to determine
On Mon, 2/2/15, Marshall Mendonza 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
Jose Colaco asks:
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?
Response:
1. Guidelines have the binding force of law.
2. FEMA, 1999 is the successor to FERA,1973. FERA was far more stringent as
Jose Colaco asks:
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?
Marshall Mendonza's Response:
1. Guidelines have the binding force of law.
2. FEMA, 1999 is the successor to FERA,1973. FERA was far
Message-
From: Goanet [mailto:goanet-boun...@lists.goanet.org] On Behalf Of Marshall
Mendonza
Sent: 02 February 2015 08:16
To: goanet
Subject: [Goanet] Zimbabwe By The Sea
The RBI guidelines on acquisition of immovable property by NRI's, PIO's and
Foreign Nationals is very clear. If one has gone
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
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:
-Original Message-
From: Eddie Fernandes [mailto:eddie.fernan...@gmail.com]
Sent: 01 February 2015 01:33
To: eddie.fernan...@gmail.com
Subject: Zimbabwe By The Sea
1 Feb: Herald. The horror stories of British expats who have invested in
property in Goa has earned Goa a new name
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