What is the procedure for sale/transfer of shares/debentures/bonds held by NRIs with repatriation benefits?
Dear Friend, as far as your query is concerned that What is the procedure for sale/transfer of shares/debentures/bonds held by NRIs with repatriation benefits? Let me informed that 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 provided the sale is arranged through the same designated b ranch through whom they were purchased. In other cases, applications for necessary permission are required to be made to Reserve Bank in form TS 4. Hope answer was helpful to you Regards, Arjun Pratap Singh