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Does an NRI require RBI permission for dematerialiation/rematerialisation of securities?

April 26, 2017dematerialiation NRI permission rbi rematerialisation require securities

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Does an NRI require RBI permission for dematerialiation/rematerialisation of securities?

2 Answers

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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.

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Ans. 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.