Can NRI invest in shares/debentures of Indian Cos., and other securities on a non-repatriation?
Ans.: Yes, NRIs can invest without any limit on non-repatriation basis in shares and convertible debentures of Indian Cos., issued either by public issue or private placement or right issues. NRI can also purchase on non-repatriation basis dated Govt. Securities (other than bearer securities). Treasury bills., units of domestic mutual funds, units of money market mutual funds . 31. Can NRIs invest in Govt. Securities etc. on repatriation basis/ Ans.: Yes. NRIs can invest on repatriation basis in:- • Govt. dated securities (other than bearer sec), Treasury bills and units of domestic Mutual funds. • Bonds issued by PSUs • Shares in Public Sector Enterprise disinvestments by Govt. of India. Fund for such investment are to be received through foreign inward remittance or to debit of NRE/FCNR a/cs. The above securities can be sold through stock brokers on a recognized stock exchange or tender units of mutual funds to the issuer for repurchase or for payment of maturity proceeds or tender G
