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.

Does an NRI require PIS permission to purchase shares in Primary market (IPOs) on non- reptriable basis ?

April 26, 2017IPOs market NRI permission PIs primary purchase require Shares

0

Posted

Does an NRI require PIS permission to purchase shares in Primary market (IPOs) on non- reptriable basis ?

1 Answer

0

Posted

No, NRIs can purchase shares in primary market on non-repatriable basis and application money can be paid through regular NRE/ NRO SB account or inward remittance.