Respected to All,
whether non resident India or person of Indian origin can act as builder in India?
whether RBI permission required for it?
can he do business of allotment of ploting of land and sale of plot to customers?
Your's faithfully,
faruk patel
Can Non-Resident Indians or Persons of Indian Origin Operate as Builders in India? RBI Permission Questioned. A participant inquired whether a non-resident Indian or a person of Indian origin can operate as a builder in India, questioning if Reserve Bank of India (RBI) permission is necessary for engaging in land allotment and plot sales. The query received one response, asking if the issue had been clarified, and inviting further communication if it had not been resolved. (AI Summary)
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