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Many NRIs wonder what is the tax on NRI property in India. You should know that as an NRI, there are several measures...
NRIs buying property in India is fast becoming a trend now. In India, property prices have been appreciating for the...
If you have been confused about what is NRI banking or what are the NRI banking services in India that are available...
Step by Step guide to register your property in India, and also know about what is property or land registration...
Nativity certificate is acceptable as "Proof of Indian Origin" for OCI/PIO applicants who are unable to prove their...
Customs duty-free rules in India would be simplified to increase the free baggage allowance for NRIs, PIOs and...
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Q: Can NRIs purchase existing shares/debentures of Indian companies by private arrangement?
A: Yes. Reserve Bank permits NRIs, on application in form FNC 7, to purchase shares/debentures of existing Indian companies on non-repatriation basis. An undertaking about non-repatriation is to be...
Q: Can shares/debentures be given away as gifts to relatives?
A: Yes. Reserve Bank has granted general permission to NRIs to transfer, by way of gift, shares, bonds and debentures of Indian companies held by them with Reserve Bank's permission to their resident...
Q: What is the procedure to be followed by NRIs for sale/transfer of shares /debentures to residents by private arrangements?
A: NRIs are required to submit application in form TS 1 to Reserve Bank for sale of shares/debentures by private arrangements. Source : Reserve Bank Of India
Q: What is the procedure for sale/transfer of shares/debentures/bonds held by NRIs with repatriation benefits?
A: In the case of shares/debentures/bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
Q: Can NRIs transfer/sell their shares/debentures/bonds held on non-repatriation basis to residents freely?
A: General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favour of an Indian citizen or a...
Q: Is permission of Reserve Bank required by NRIs for sale/transfer of shares/debentures of Indian companies to other NRIs?
A: No. Transfer of shares/debentures of Indian companies by NRIs to other non-residents does not require permission of Reserve Bank. However, the transferee NRI would need permission for purchase of...
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