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What is the procedure for disinvestment of capital invested?

April 26, 2017Capital disinvestment invested procedure

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What is the procedure for disinvestment of capital invested?

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Non residents can sell shares on Stock Exchange without prior approval of RBI. They can approach a bank for repatriation of the sale proceeds if they hold the shares on repatriation basis and if they have necessary NOC/Tax Clearance Certificate issued by Income Tax authorities.