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Back to Top of Index Question-53: Can NRIs purchase existing shares/debentures of Indian companies by private arrangement ?

April 26, 2017companies debentures existing index indian NRIs private purchase Shares

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Back to Top of Index Question-53: Can NRIs purchase existing shares/debentures of Indian companies by private arrangement ?

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Yes. Reserve Bank permits NRIs,on applicatioin in the prescribed form, to purchase shares/debentures of existing Indian companies on non- repatriation basis.