Dear Sir
My father was an NRI in 1981. His brother bought agricultural land along with him in the same year. Both of them didnt have the knowledge at that time that they NRIs cannot buy agricultural land. Now my uncle is threatening us that he will tell RBI about this. But at the time of deed my father was not present there and my uncle signed on behalf of him although he was not his POA at that time. So can you please tell me what is our fathers liability and what is my uncles liability?
Thanks
My father was an NRI in 1981. His brother bought agricultural land along with him in the same year. Both of them didnt have the knowledge at that time that they NRIs cannot buy agricultural land. Now my uncle is threatening us that he will tell RBI about this. But at the time of deed my father was not present there and my uncle signed on behalf of him although he was not his POA at that time. So can you please tell me what is our fathers liability and what is my uncles liability?
Thanks