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Can NRIs purchase existing shares / debentures of Indian companies by private arrangement?

April 26, 2017Arrangement companies debentures existing indian NRIs private purchase Shares

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Can NRIs purchase existing shares / debentures of Indian companies by private arrangement?

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Ans. Yes. Reserve Bank permits NRIs, on application in form FNC 7, to purchase shares / debentures of existing Indian companies on non-repatriation basis. An undertaking about non-repatriation is to be given in form NRU.