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Q: Are NRIs privileged to give away shares as gifts to relatives?

A: Yes. Reserve Bank has granted general permission for NRIs to transfer or present as gifts, shares, bonds and debentures of Indian companies held by them with Reserve Bank's permission to their...

Q: What procedure should be followed by NRIs for sale/transfer of shares to residents by private arrangements?

A: NRIs are expected to submit application in form TS 1 to Reserve Bank for sale of shares/debentures by private arrangements.

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...

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...

Q: Do NRIs require permission by RBI for sale/transfer of government securities?

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...

Q: What procedure should be followed by NRIs for renunciation of rights entitlement?

A: An application to Reserve Bank furnished by a letter detailing therein the folio number of the shares held and the manner in which the rights are being sold should be made by the NRIs.

Q: How does the issue of rights entitlement done to NRIs?

A: For the issue of rights entitlement for NRIs, the concerned company should approach the Reserve Bank by using the prescribed form if on repatriation basis. However, rights entitlement on...

Q: Does NRIs require permission by RBI for sale/transfer of shares 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 transfer of NRI would need permission for purchase of...

Q: Can NRIs invest in companies engaged in real estate development in India?

A: Yes. Investment up to 100% in the new issue of equity shares/convertible debentures of Indian companies engaged in the followed areas is allowed-- i) Development of serviced plots and construction...

Q: Can NRIs gift mutual funds to relatives in India?

A: No, an NRI cannot gift mutual funds to relatives in India.