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What is the policy of conversion of non-repatriable shares into repatriable shares?

April 26, 2017conversion non-repatriable policy repatriable Shares

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What is the policy of conversion of non-repatriable shares into repatriable shares?

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FIPB approval is required. Where original investment was made in foreign exchange, the change is allowed without any conditions; if not, the sale proceed will have to be repatriated to India by opening an NRO account.