Back to Top of Index Question-89: What is the procedure to be followed by NRIs for transfer/sale of shares/debentures held by them on non-repatriation basis to residents ?
General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures by NRI individuals through stock exchange if such transfers are made in favour of an Indian citizen or a person of Indian origin or a company incorporated in India and sale proceeds thereof are credited to NRO account. For sale/transfer of shares/ debentures held by overseas corporate bodies through stock exchange, permission from Reserve Bank is required to be obtained.
Related Questions
- Back to Top of Index Question-89: What is the procedure to be followed by NRIs for transfer/sale of shares/debentures held by them on non-repatriation basis to residents ?
- Back to Top of Index Question-91: What is the procedure to be followed by NRIs for sale/transfer of shares/debentures to residents by private arrangements ?
- Back to Top of Index Question-90: What is the procedure for sale/transfer of shares held by NRIs with repatriation benefits ?
