As different governments in India are emphasizing on development-oriented policies, India has become a center of business and commercial activities. Currently, this country in alluring foreign investors to invest money and earn a decent return under different schemes. That is why NRIs have rushed to India because of the various attractive business options in different areas, such as Certificate of Deposits and National Pension Scheme (NPS), Bonds/Government Securities, Real estate sector, Direct Equity, Gold, Mutual funds, Bank Fixed Deposits, etc.
But, for a number of reasons, NRIs need the help of litigation lawyers. There are many instances in which NRIs are wrongly trapped in legal cases filed against them. Many locals take undue advantage of their situation (living in a foreign country) and frame baseless allegations against them to gain some financial advantages. Some important reasons as to why NRIs need litigation lawyers are mentioned here below-
1. Issues Related To The Ownership Of The Property
A large number of NRIs invest in the real estate sector to make a decent income. But, this is the area where they are cheated by locals in most of the cases. As per the law, NRIs can't buy agricultural land. There are many NRIs who are not aware of this. So, thugs sell them agricultural land in exchange for a huge sum and take legal action against NRIs accusing them of breaching the law of the land. A litigation lawyer can help NRIs to get rid of all these issues to make a safe investment in a safe real estate project.
In many cases, two NRIs clashes against each other arguing about a certain property boundary. In this case, they can hire dispute resolution firms to settle the matter legally if they are not able to find out its solution through mutual consultation and dialogue.
2. Terms And Conditions Of Business Deals
When NRIs start a business in India, they have to make deals with local business firms, individuals and organizations to meet different legal requirements and grow their business up to a great extent. The business deal between two different organizations is done on the basis of the law proposed by the government of India. On a number of occasions, different parties clash on the terms and conditions of the business. Instead of quarrelling unnecessarily against each other, they can solve the dispute through the mediation of Corporate Lawyers.
3. Need of An Indian Person for Business
NRIs need to show their local sponsor to start their business in India. It is mandated by the law. There are many NRIs who struggle to find reliable local Indians for the commencement of their business. There are several organizations that arrange local sponsors in exchange for a fixed monthly income.
When these sponsors expect a payment increment or make unreasonable demands in the long run, then it becomes difficult for NRIs to operate the business smoothly. In place of getting engaged in a verbal argument and making the matter worse, NRIs can get in touch with Litigation Lawyers and get the matter resolved peacefully.
4. Issue Of Proclaimed Offenders
Crime against foreigners is quite rampant in India. When a legal case in registered against NRIs, no matter they are real or false, their passports are confiscated, properties are captured by the law enforcement agencies and they are not allowed to leave the country if they are found to be guilty of the charges framed against them.
Most of Proclaimed Offenders (Pos) find it very difficult to get trustworthy legal representatives to fight their case in different Indian courts because of the involvement of higher stakes of different parties and repercussions from the local population. In many cases, NRIs are forced to stay outside India and lose their investment in the country. In such difficult situations, they can consult experienced litigation lawyers, fight their cases with appropriate evidence and be freed of the charges framed against themselves. If it happens, they can get back their properties and restart their business too if they want.
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