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What are the procedures to be to followed in respect of investment in securities in case NRI becomes person resident in India ?

April 26, 2017Case followed India Investment NRI person procedures resident respect securities

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What are the procedures to be to followed in respect of investment in securities in case NRI becomes person resident in India ?

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On becoming an Indian resident, a new depository account with appropriate status – ‘Resident’ in this case is to be opened and all the balances held in account with ‘Non-Resident’ status should be transferred to ‘Resident’ status.