How does NRI dematerialize 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.
Related Questions
- What are the procedures to be to followed in respect of investment in securities in case NRI becomes person resident in India ?
- What are the procedures to be followed with respect to investment in securities in case person resident in India becomes NRI?
- How does NRI dematerialize securities purchased while he/she was resident?
