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Can NRIs remit funds through Exchange Houses for investment in shares/debentures of Indian companies?

April 26, 2017companies debentures exchange funds houses indian Investment NRIs remit Shares

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Can NRIs remit funds through Exchange Houses for investment in shares/debentures of Indian companies?

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• Yes, subject to general/specific permission of Reserve Bank for such investment. • Can NRIs send drafts issued by Exchange Houses for acquisition of residential flats in India? • Yes. NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate develops for acquisition of residential flats in India in individual names. • Can NRIs remit premia on policies issued by the Life Insurance Corporation of India by means of drafts issued by Exchange Houses in favour of the Corporation? • Yes. • Can NRIs remit tuition/boarding/examination fees of their children studying in India by means of drafts issued by Exchange Houses in favour of schools, colleges, universities, technical and educational institutions in India? • Yes. • Can NRIs take out of India precious stones or jewellery purchased by them during their visit to India? • Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limi

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Ans. Yes, subject to general / specific permission of the Reserve Bank for such investments.

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Yes, subject to general/specific permission of Reserve Bank for such investment.