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Latest Questions

Q: Can an OCI be given Power Of Attorney?

Q: How long will it take to process an application?

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

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...

Q: Can a lawyer who is an OCI holder practice in India?

A: Such lawerys being foreign nationals are not permitted to practice in India.

Q: Are there any restrictions for a chartered accountant is an OCI holder to practice in India?

A: A Chartered Accountant who is an OCI cardholder can practice in India under the ‘Scheme for enrollment of Overseas Citizen of India Professional Accountants’ in terms of the Regulations published...

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...

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: 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...

Q: Can OCI work for public service sector after acquiring foreign citizenship?

A: Public Sector jobs in India are usually always reserved for Indian citizens. Once an employee changes citizenship the chances are they cannot continue to work in the same capacity. It may be a...