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Back to Top of Index Question-90: What is the procedure for sale/transfer of shares held by NRIs with repatriation benefits ?

April 26, 2017Benefits for sale held index NRIs procedure Repatriation Shares transfer

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Back to Top of Index Question-90: What is the procedure for sale/transfer of shares held by NRIs with repatriation benefits ?

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In the case of shares acquired by NRI individuals through stock exchange under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchange, provided the sale is arranged through the same designated branch through whom they were purchased. In other cases, application for necessary permission is required to be made to Reserve Bank in the prescribed form.