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Schedule 03 [See Regulation 5(3)] - Purchase/ Sale of Capital Instruments of a listed Indian company on a recognised stock exchange in India by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

Extract

..... Schedule 3 [See Regulation 5(3)] Purchase/ Sale of Capital Instruments of a listed Indian company on a recognised stock exchange in India by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis 1. Purchase/sale of capital instruments A Non-resident Indian (NRI) or an Overseas Citizen of India (OCI) may purchase or sell Capital Instruments of a listed Indian company on repatriation basis, on a recognised stock exchange in India, subject to the following conditions: ( .....

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Schedule 03 See Regulation 5(3) - Purchase/ Sale of Capital Instruments of a listed Indian company on a recognised stock exchange in India by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

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..... a Non-Resident External (NRE) account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016. (2) The NRE account will be designated as an NRE (PIS) Account and the designated account shall be used exclusively for putting through transactions permitted under this Schedule. 3. Remittance of sale proceeds The sale proceeds (net of taxes) of the capital instruments may be remitted outside India or may be credited to NRE (PIS) account of the person concerned. 4. Sa .....

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Schedule 03 See Regulation 5(3) - Purchase/ Sale of Capital Instruments of a listed Indian company on a recognised stock exchange in India by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

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