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Q: Can an NRI/PIO remit the sale proceeds of immovable property held in India outside India?

A: Yes, NRI can remit sale proceeds of immovable property outside India.

Q: Can NRI transfer shares purchased under PIS to others under private arrangement?

A: Shares purchased under PIS on a stock exchange shall be sold on stock exchange only. Such shares cannot be transferred by way of sale under private arrangement or by way of gift (except by NRIs to...

Q: How NRIs can remit sale proceeds?

A: In case of NRI, if the shares sold were held on repatriation basis, the sale proceeds may be credited to his linked NRE/FCNR(B)/NRO accounts of the NRI, whereas sale proceeds of non-repatriable...

Q: How payments could be made by NRIs for shares purchased on a stock exchange?

A: Payment for purchase of shares and/or debentures on repatriation basis has to be made by way of inward remittance of foreign exchange through normal banking channels or out of funds held in...

Q: Can a power of attorney (POA) invest on behalf of the NRI investor?

A: Yes. unlike banks where a POA holder cannot open an account on behalf of the NRI, in a mutual fund, the POA has the authority to invest on behalf of the investor and sign documents for initial and...

Q: Is nomination by NRIs allowed in mutual funds?

A: Yes, it is allowed only for individuals/HUFs.

Q: Can a private limited company trade in shares?

A: A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public, therefore, cannot be traded on a public stock exchange. This is the major...

Q: Can private limited company invest in mutual funds?

A: A private limited company can effectively manage its working capital requirements by investing in liquid and short-term income funds of mutual funds. Investments can also be made in balanced or...

Q: Can NRI invest in bonds in India?

A: NRIs can invest in stocks and securities of Indian companies. Government securities etc. The NRI demat account cannot be opened or operated by an Indian power-of-attorney holder in the absence of...

Q: Can NRI invest in NSC?

A: NRIs can continue with their old investments in NSC and continue to invest in their old PPF account if it was opened before they acquired NRI status.