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Are NRIs required to file any reports to RBI for acquiring or selling shares/debebtures?

April 26, 2017file NRIs rbi reports Selling Shares

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Are NRIs required to file any reports to RBI for acquiring or selling shares/debebtures?

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The NRI investor is not required to file any Return or Report with the RBI with regard to acquisition or sale of shares and/or debentures in an Indian Company. Only the link office of the designated bank branch is required to furnish a report on daily basis on Portfolio Investment Scheme Transactions to RBI.