Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a NRI purchase securities by subscribing to an issue? What are the approvals required?

April 26, 2017approvals ISSUE NRI purchase securities subscribing

0

Posted

Can a NRI purchase securities by subscribing to an issue? What are the approvals required?

1 Answer

0

Posted

The issuing company is required to issue shares to NRIs on the basis of specific or general permission from GoI/RBI. Therefore, individual NRI need not obtain any permission.