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How does an NRI obtain permission of Reserve Bank for investment under the 24% or 40% or 100% Scheme?

April 26, 2017Bank Investment NRI obtain permission Reserve Scheme

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How does an NRI obtain permission of Reserve Bank for investment under the 24% or 40% or 100% Scheme?

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The NRI investor need not apply to Reserve Bank. Application for necessary permission under the schemes should be made by the Indian company/firm to the Central Office of Reserve Bank in Mumbai in form ISD/ISD(R).