What is the validity period for approval by the Resere Bank for the purchase of share / debentures of Indian companies or units of domestic Mutual Funds ?
Ans. Reserve Bank approval is valid for a period of five years from the date of issue. This can be renewed further by Authorised Dealers themselves for a further period of five years at a time. Applications for renewal of general permission granted to OCB may, however, be referred to Reserve Bank of India.
Related Questions
- Back to Top of Index Question-80: What is the validity period of Reserve Bank approval for the purchase of shares/debentures of Indian companies or units of domectic Mutual Funds ?
- What is the validity period for approval by the Resere Bank for the purchase of share / debentures of Indian companies or units of domestic Mutual Funds ?
- What is the validity period of Reserve Bank approval for the purchase of shares/debentures of Indian companies or units of domestic Mutual Funds?
