How can NRIs do the sale/transfer of shares held by them with repatriation benefits

Question: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?

Answer(s)

Raju Kanumuri: 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 provided the sale is arranged through the same designated branch through whom they were purchased. In other cases, applications for necessary permission is required to be made to Reserve Bank in form TS 4.

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