What is the validity period of Reserve Bank approval for purchase of Indian company shares?

Question: What is the validity period of Reserve Bank approval for the purchase of shares/debentures of Indian companies or units of domestic Mutual Funds?

Answer(s)

Raju Kanumuri: Reserve Bank approval is valid for a period of five years from the date of issue. This can be renewed further by making a request by means of a simple letter.

Source : Reserve Bank Of India

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