Can Government securities/units be freely transferred or sold

Question: Can Government securities/units be freely transferred or sold?

Answer(s)

Raju Kanumuri: Yes, provided the transfers/sales are arranged through an authorised dealer. Units can, however, be repurchased directly by UTI.

Source : Reserve Bank Of India

Your Answer

Related Questions

Q: Do NRIs require PIS permission to sell shares which were purchased in primary markets (IPOs) on repatriable/ non-repatriable basis?

A: No, NRIs don't require PIS permission to sell shares which were purchased in the primary markets (IPOs) on a repatriable and non-repatriable basis.

Q: Can a PIS account be opened with a joint holder?

A: The PIS account cannot be a joint account. As per recent RBI guidelines, NRIs should have a separate bank account exclusively for PIS purposes. Transactions relating to their personal banking as...

Q: If the NRI customer purchases shares or convertible debentures in excess of prescribed limit?

A: NRIs will have to off load such portion of the holding, which is in excess of the prescribed limit.

Q: Is there any limit for purchase/sale of shares/convertible debentures by an NRI in the secondary market?

A: Yes. NRIs can purchase up to a maximum of five percent of the paid-up capital of a company and a maximum of five percent of the paid-up value of each series of debentures. For the purpose of this...

Ask