1. Acquisition and Transfer of Immovable Property in India 1.1 A person resident outside India who is a citizen of India (NRI) can acquire by way of purchase any immovable property in India other than agricultural/ plantation /farm house. He may transfer any immovable property other than agricultural or plantation ...

The Ministry of Overseas Indian Affairs has set up an Overseas Indian Facilitation Centre (OIFC) as a not-for-profit-trust, in partnership with Confederation of Indian Industry (CII) to promote investment amongst the overseas Indians. The center is a ‘One Stop- Shop’ for serving the interests of the overseas Indian Community and ...

Individuals – All compliance formalities as per SEBI’s account opening for Individual plus RBI approval, which is taken through the Bank in which NRI is having their Bank A/c. OCBs – All compliance formalities, which are required as per SEBI’s list for Corporate account opening. Documents that are ...

NRIs can invest in India as under: Investment under Automatic Route with repatriation benefits Investment with Government approval Other investments with repatriation benefits Investments up to 100% equity without repatriation benefits Other investments by NRIs/OCBs without repatriation benefits. 1. AUTOMATIC ROUTE OF RBI WITH REPATRIATION BENEFITS NRIs can invest in shares/convertible debentures of Indian companies under the ...

PAN card Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for all those who file their income tax returns, because from 2005 onwards, it ...

TYPES OF BANK ACCOUNTS FOR NRIs NRIs/PIOs are permitted to open bank accounts in India out of funds remitted from abroad, foreign exchange brought in from abroad or out of funds legitimately due to them in India. Such accounts can be opened with banks specially authorised by the Reserve Bank ...

Demat account A Demat is just a shortened way of saying Dematerialized account. A Demat account is a personal account for purchasing and selling stocks. Some say it is similar to a savings account that you open with a bank. A savings account holds your money electronically and a dmat ...

Mutual Fund Mutual fund is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced. ...

Definition of Income tax in India Income-tax is a charge on Income earned in a financial year which starts on 1st April of a calendar year and ends on 31st March of the following calendar year. Under the Indian Income-tax Act, the word "income", in addition to the common man's ...

SEBI Documents for NRIs/PIOs BUYBACK   What is the manner in which the company can buy back its own shares? The company can buy back its shares in any of the following manners : From the existing ...