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How does NRI obtain permission of Reserve Bank of India for investment under the 24 per cent or 51 per cent or 100% Scheme?

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How does NRI obtain permission of Reserve Bank of India for investment under the 24 per cent or 51 per cent or 100% Scheme?

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The NRI investor need not apply to Reserve Bank. Indian companies have been permitted to issue shares/convertible debentures to NRIs/OCBs.

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