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Q: Can an OCI be given Power Of Attorney?

• 56 Days ago
• Others - Business and Finance
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Q: How long will it take to process an application?

A: can you please mention the application name which you want to process.

• 91 Days ago
• Others - Business and Finance
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Q: If an Indian Resident die and his executor in India transfer his money (3 crs) to an NRI who is grandson of deceased, whether RBI permission require for transfer of money from deceased or executor account to NRI (USA) in his NRO account in India. Deceased has made will and WILL is probated in Court.

A: Yes, an NRI/PIO can receive a gift from a resident relative. However, the amount cannot exceed the limit prescribed under LRS, i.e., $250,000 per financial year The account can be credited with...

• 154 Days ago
• Others - Business and Finance
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Q: What are the requirements for the purchase of agricultural land/ plantation property or farmhouses in India by NRIs?

A: Any NRI or PIO interested in the purchase of Agricultural Land/Plantation Property or Farmhouses in India would have to send a formal request for the same to The Chief General Manager, Reserve Bank...

• 280 Days ago
• Buying Agricultura.. - Business and Finance
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Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?

A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI) *Until applicants are in receipt of an OCI...

• 427 Days ago
• Others - Business and Finance
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Q: Can OCI card holder inherit agriculture properties from parents in India?

A: An NRI can inherit property from a person who is a resident of India. An NRI can also, with the approval of the RBI, acquire agricultural land/plantation property/farm house through inheritance...

• 447 Days ago
• Buying Agricultura.. - Business and Finance
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Q: How can NRIs do the sale/transfer of shares held by them 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...

• 539 Days ago
• Others - Business and Finance
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Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?

A: Yes. 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 favor of an Indian citizen or...

• 539 Days ago
• Others - Business and Finance
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Q: Can green card holders parent buy agricultural land in India?

A: An NRI can acquire by way of purchase any immovable property (other than agricultural land/ plantation property/ farm house) in India.

• 592 Days ago
• Buying Agricultura.. - Business and Finance
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Q: Can gold jewelry be taken on the transfer of residence?

A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods. The only duty-free allowance that can be availed when it comes...

• 611 Days ago
• Others - Business and Finance
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