August 28, 2008 – 5:45 am
The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia.
The agency suspects that some Indian companies that bought large plots in the [...]
By admin
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Posted in Property News
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Also tagged Bank Of India, Cnn, Economic Crime, Enforcement Directorate, Goa, Goa Government, Jones Lang, Land Transactions, Portuguese Influence, Prime Land, Property Consultant, Reserve Bank Of India, Russian Land, Russian Nationals, Tourism In Goa, Tropical Biodiversity
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After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions.
Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement and [...]
By admin
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Posted in Property News
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Also tagged Debt Management, Fema, Foreigners, Goa, Management Act, Management Unit, Notary Services, Properties In Goa, Property Registration, Registration System, State government, State Registrar
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Panaji, May 28: Directorate of Enforcement has initiated show-cause notices against the foreigners who have brought properties allegedly in the state violating of Foreign Exchange Management Act.
The notices issued directly to the parties and also through the state government has asked why their properties involved in the contravension of the FEMA should not be confiscated [...]
By rajani
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Posted in Property News
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Also tagged Adjudication, Anil Kumar, Bank Of India, Central Government, Documentations, Doe Issues, Fema, Government Account, Grim Reality, Legal Practitioner, Management Act, Panaji, Portuguese Colony, Properties In Goa, Reserve Bank Of India, Section 13
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