Do NRIs need any permission of RBI to subscribe to Mutual Funds/ Initial Public Offerings (IPOs) or Private placements of equity shares/convertible debentures of existing or new companies?
NRIs are not required to apply for RBI Permission to invest in new issues (primary market offerings) or units of Mutual Funds as the company offering the primary issue takes a blanket approval from the Reserve Bank of India for sale to Non-Resident Indians. The RBI has granted general permission to domestic mutual funds to issue units or similar instruments to NRIs on both repatriation and non-repatriation basis.
Related Questions
- Do NRIs need any permission of RBI to subscribe to Mutual Funds/ Initial Public Offerings (IPOs) or Private placements of equity shares/convertible debentures of existing or new companies?
- Do NRIs need any permission of RBI to subscribe to Initial Public Offerings (IPO’s) or Private placements of equity shares/convertible debentures of existing or new companies?
- Do NRIs need any permission of RBI to subscribe to Initial Public Offerings (IPOs) or Private placements of equity shares/convertible debentures of existing or new companies?
