Herald, Goa

goangoangone · Feb 25th, 2009, 09:53

There was a small article in yesterday's Herald that said 13 foreigners had been found in breach of FEMA 1999 Act. I can't remember the details but it included something like 8 British, 1 Italian, 1 Swiss. Doesn't seem to be online. I'll try and dig it up.

Mods, please move this to "Goa" section. Sorry.......

ananda2193 · Feb 25th, 2009, 10:38

Whats the FEMA Act of 1999?

Must have to do with buying property, right?

goangoangone · Feb 25th, 2009, 13:30

Foreign Exchange Management Act. The RBI had been asked to look into property bought by foreigners here. I'll try and get a copy of the paper and scan it up.

goangoangone · Feb 26th, 2009, 11:02

Quote:

Originally Posted by goangoangone

Foreign Exchange Management Act. The RBI had been asked to look into property bought by foreigners here. I'll try and get a copy of the paper and scan it up.

Got it.

also here's more info on the RBI site http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#1

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Feb 25th, 2009, 09:53	#1
goangoangone What happened? Join Date: Aug 2004 Location: Goa Posts: 1,953	Herald, Goa There was a small article in yesterday's Herald that said 13 foreigners had been found in breach of FEMA 1999 Act. I can't remember the details but it included something like 8 British, 1 Italian, 1 Swiss. Doesn't seem to be online. I'll try and dig it up. Mods, please move this to "Goa" section. Sorry....... __________________ GoanGoan......here

Feb 25th, 2009, 10:38	#2
ananda2193 Maha Guru Member Join Date: Oct 2004 Location: you essay Posts: 1,904	Whats the FEMA Act of 1999? Must have to do with buying property, right?

Feb 25th, 2009, 13:30	#3
goangoangone What happened? Join Date: Aug 2004 Location: Goa Posts: 1,953	Foreign Exchange Management Act. The RBI had been asked to look into property bought by foreigners here. I'll try and get a copy of the paper and scan it up.