How does NRI dematerialise securities purchased while he/she was resident?
As per FEMA rules, NRI must regularize his/her holdings to reflect change of status – in this case bring them to ‘Non-Resident’ status. For this, NRI must submit (if not already submitted to the issuing company earlier) a letter addressed to the issuing company along with the Demat Request Form stating change of status and giving details of foreign address.
• As per FEMA rules, NRI must regularize his/her holdings to reflect change of status in this case, bring them to Non-Resident status. For this, NRI must submit (if not already submitted to the issuing company earlier) a letter addressed to the issuing company along with the Demat Request Form stating change of status and giving details of foreign address.
As per FEMA rules, NRI must regularize his/her holdings to reflect change of status – in this case, bring them to ‘Non-Resident’ status. For this, NRI must submit (if not already submitted to the issuing company earlier) a letter addressed to the issuing company along with the Demat Request Form stating change of status and giving details of foreign address.
