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What developments have been made in portfolio investment in equity/preference shares or convertible debentures through stock exchanges in India?

April 26, 2017convertible debentures developments equity exchanges India Investment portfolio Shares stock

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What developments have been made in portfolio investment in equity/preference shares or convertible debentures through stock exchanges in India?

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Purchase of shares or convertible debentures by a single investor should not exceed 1% of the total paid-up capital or paid-up value of convertible debentures of that series issued by the company. There is also an overall ceiling of 24% investment by all Non-Residents put together. Since September, 1994 the lock-in period of one year for availing the repatriation benefit on transfer under this category has been done away with. Shares/debentures can now be transferred at any time after purchase and the sale proceeds can be repatriated after payment of income tax on the amount of taxable capital gains.