Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it mandatory for the NRIs to seek permission from the RBI for making investments in new issues of Indian companies on Non-Repatriable basis?

April 26, 2017indian investments mandatory NRIs permission rbi seek

0

Posted

Is it mandatory for the NRIs to seek permission from the RBI for making investments in new issues of Indian companies on Non-Repatriable basis?

1 Answer

0

Posted

The Non-Resident Indians need not seek permission from the RBI for making investments in new issues of Indian companies on a Non-Repatriable basis.