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How can NRIs benefit from 24% Scheme?

April 26, 2017benefit NRIs Scheme

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How can NRIs benefit from 24% Scheme?

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Under the 24% scheme, Indian companies engaged or proposing to engage in any activity including finance, hire purchase, leasing, trading or other services, establishment of schools/colleges etc. (except agricultural/plantation activities) are allowed by Reserve Bank to issue shares/debentures to NRIs with repatriation benefits to the extent of 24% of the new issue.