Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do NRIs need RBI permission for dematerialization / rematerialisation of securities?

April 26, 2017dematerialization NRIs permission rbi rematerialisation securities

0

Posted

Do NRIs need RBI permission for dematerialization / rematerialisation of securities?

1 Answer

0

Posted

No special permission is required. Holding securities in demat only constitutes change in form and does not need any special permission. However, only those physical securities which already have the status as NR Repatriable / NR- Non-Repatriable can be dematerialised in the corresponding Depository Accounts. Please keep a record of all your shares certificates and a verified copy of your share certificate and DRF form with you, while submitting the originals for dematerialization.