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What are the investment limits for NRIs under the Portfolio Investment Scheme (PIS)?
Non-resident Indians (NRIs) are indeed permitted to invest in shares of listed Indian companies through recognized stock exchanges under the Portfolio Investment Scheme (PIS). These investments can be managed via designated Authorized Dealers (ADs) ...
What is the Portfolio Investment Scheme for NRIs?
The Portfolio Investment Scheme (PIS) is a program from the Reserve Bank of India (RBI) that permits Non-Resident Indians (NRIs) to purchase and sell shares and convertible debentures of Indian companies on recognized stock exchanges under the ...
Is it permissible for NRIs to receive rights/bonus shares from Indian companies?
Under the Foreign Exchange Management Act (FEMA) guidelines, Indian companies are authorized to issue Rights and Bonus shares to their non-resident shareholders, provided that the issuance is in compliance with the applicable sectoral cap.
What steps should be taken if an Indian Resident becomes an NRI?
When an Indian Resident changes their status to a Non-Resident Indian (NRI), they are required to: Notify the Status Change: Inform the designated authorized bank through which the investments were made as well as the brokerage firm, such as FYERS, ...
What should an NRI do upon becoming a resident in India?
If you, as a Non-Resident Indian (NRI), gain resident status in India, you must undertake the following actions: Notify the Bank: Inform the designated authorised bank, through which you made your investments, about the change in your residential ...