Times of India
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Q: Can NRI place intraday order?
A: * No. NRI's not allowed to do the Intraday transaction. They can only trade on a delivery basis.
* Short selling is not allowed.
Q: Can an NRI trade in currency derivated segment of the exchange?
A: No, NRIs cannot trade in currency derivated segment of the exchange.
Q: Can rights/bonus shares be issued to NRI?
A: FEMA provisions allow Indian companies to issue Rights / Bonus shares to existing non-resident shareholders, subject to adherence to sectoral cap as may be applicable
Q: Can the NRI deposits be prematurely extended to get the benefit of higher interest?
A: Yes, the deposit will earn interest without penalty for the period it has run, provided it has run for the minimum maturity period and thereafter at the higher interest rate.
Q: Will, the bank renew our NRE/FCNR bank deposits automatically?
A: Yes, provided automatic renewal instructions are given at the time of opening the deposit in which case, it will be automatically renewed for an identical period.
Q: Can NRI invest in immovable proprietory concern?
A: Yes, NRI can invest in capital proprietary and partnership firms engaged in manufacturing, commerce or trading activities on a non-repatriation basis
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