Purchase of land by indian company represented by foreign director

Satinath Chandra (Querist) 06 January 2014 This query is : Resolved
An Indian Pvt. Ltd. Company intending to purchase land in India but the director of the company is a citizen of France. Can he represent the company for the purpose of purchase of land to mutation in the name of the company???

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Adv.Aiyer VLV (Expert) 06 January 2014
Anyone can.be agent/POA.
He is Director. More than.qualified

Sudhir Kumar, Advocate (Expert) 06 January 2014
agreed.

malipeddi jaggarao (Expert) 06 January 2014
There is no restriction if the Director is a foreigner in an Indian Company for purchasing land in India.

Rajendra K Goyal (Expert) 06 January 2014
Agree with the expert, he can purchase.

Devajyoti Barman (Expert) 06 January 2014
Yes, he can become attorney.

BAALASUBRAMANNYAMM (Expert) 06 January 2014
Agreed. Jaggarao sir has clearly clarified.

T. Kalaiselvan, Advocate (Expert) 07 January 2014
As a director he can purchase.

R.V.RAO (Expert) 15 March 2014
there is no objection if he is foreigner,because the purchaser is a resident indian company.he should be properly authorised by a board resolution to enter into land purchase agreements on behalf of a the company.

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