Will repatriation of the origional investment and/or dividend income be freely permitted?
Ans. Yes. Repatriation of original investment will be permitted after a lock-in period of three years from the date of issue of the equity shares/convertible debentures. In addition, OCBs will be permitted to repatriate net profit (upto 16 per cent) arising from the sale of such investment after the lock-in-period of three years. Annual dividend/interest on equity shares/debentures can, however, be freely remitted subject to payment of tax. Q.
Related Questions
- Did the Fund pay a year-end dividend? If so, what was the record and pay dates, the amount, and was the dividend from capital gains or from net investment income?
- Is the rental income or proceeds of investment from an immovable property (residential/commercial) eligible for repatriation?
- Will repatriation of the origional investment and/or dividend income be freely permitted?
