What is the limit for the purchases of Equity shares/convertible debentures in each company?
The purchase of Equity shares/convertible debentures in each company with repatriation and non repatriation benefits shall not exceed 5% (or as prescribed by Reserve Bank of India from time to time) of the paid up capital of the company, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time). All consequences of failure in such compliance, including any losses arising out of reversal of transactions shall be to the customers account.
The purchase of Equity shares/convertible debentures in each company with repatriation and non repatriation benefits shall not exceed 5% (or as prescribed by reserve Bank of India from time to time) or the paid up capital of the company, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time.) All consequences of failure in such compliance, including any losses arising out of reversal of transactions shall be to the customer’s account.
The purchase of Equity shares/convertible debentures in each company with repatriation and non repatriation benefits shall not exceed 5% (or as prescribed by Reserve Bank of India from time to time) of the paid up capital of the company, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time). All consequences of failure in such compliance, including any losses arising out of reversal of transactions shall be to the customer’s account.
The purchase of Equity shares/convertible debentures in each company with repatriation and non repatriation benefits shall not exceed 5% (or as prescribed by reserve Bank of India from time to time) or the paid up capital of the company, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time.) All consequences of failure in such compliance, including any losses arising out reversal of transactions shall be to the customer’s account.
Related Questions
- How does an NRI correct his/her position if the purchased shares / convertible debentures are in excess of the prescribed limit, if any?
- Is there any limit for purchase/sale of shares/convertible debentures by NRI/OCB in secondary market?
- What is the limit for the purchases of Equity shares/convertible debentures in each company?
