Wednesday, 10 September 2014

New law on land ownership by foreigners

The government today introduced a new Bill in Parliament that if passed would stipulate restrictions on the alienation of lands to foreigners, foreign companies, or companies registered here with 50 per cent of foreign shareholding.

The Bill titled: 'Land (Restrictions on Alienation)' will be taken up for debate later and passed as an Act soon.


(Source: Daily Mirror)

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