[Investment In Shares, Securities, Units And Other Activities, etc. by an NRI in India]
Schedule 5 to these regulations contains rules regarding the purchase and sale of securities other than shares/debentures by a on-resident. There are no changes in the regulations or procedure applicable for purchase and sale of other securities by NRIs on repatriation/non- repatriation basis and by FITs on repatriation basis.
Scheduled 6, inserted w.e.f. 27-10-2003 is about investment in an Indian venture capital undertaking by a registered foreign venture capital investor.
Investment In Shares, Securities, Units And Other Activities, etc. by an NRI in India
All efforts are made to keep the content of this site correct and up-to-date. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.
The visitors may click here to visit the web site of Income Tax Department for resolving their doubts or for clarifications