What are the transactions covered under PINS?
For transactions to be covered under PINS it need to satisfy two conditions: • 1.Purchase from Indian Equity Secondary market • 2.As an NRI Therefore following transactions are allowed: • 1. Fresh purchase from the secondary market as an NRI • 2. Sale of shares, which were bought under PINS Therefore following transactions are not allowed or are not covered under PINS: • 1.Sale of shares, which were not bought under PINS. Like: Gifts, subscription to IPOs or shares bought as resident Indian, or received in bonus. • 2.Fresh subscription for the IPOs as an NRI • 3.
For transactions to be covered under PINS it need to satisfy two conditions: • 1.Purchase from Indian Equity Secondary market • 2.As an NRI Therefore following transactions are allowed: • 1. Fresh purchase from the secondary market as an NRI • 2. Sale of shares, which were bought under PINS Therefore following transactions are not allowed or are not covered under PINS: • 1.Sale of shares, which were not bought under PINS. Like: Gifts, subscription to IPOs or shares bought as resident Indian, or received in bonus.
