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FEMA ( Aquisition and transfer of immovable property in India) 2000; Notification 21/2000
Anonymous User at 7:46 p.m. on 26 Oct. 10
Regulation 7 of FEMA (Aquisition and transfer of immovable property) Act 2000  says that person of Srilankan origin cannot buy a land in India without the prior approval of RBI. What happens if some one of Srilankan origin purchased a land and registered in year 2003 without the prior approval of the RBI?
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