Fema laws

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Hussaib (Querist)
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27 August 2014 My Client is an NRI.
He hold stocks in his portfolio in India which he wants to sell and take the money back to the country where he lives.
Kindly let me know how can he repatriate it.
Thanks for help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 August 2014 Authorised Dealers can allow remittance/s upto USD 1 million, of balances in NRO accounts/of sale proceeds of assets on production of an undertaking by the remitter togetherwith a certificate issued by a Chartered Accountant in Annexure A and B as prescribed by the Central Board of Direct axes (CBDT).
The stocks in his portfolio might have been invested on repatriation basis.

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Hussaib

Hussaib (Querist)
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27 August 2014 Dear Sir,
As per reply can you let me know which form is required from the Chartered Accountant for the remittance from NRO account to NRE

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 August 2014 The stocks in his portfolio might have been invested on repatriation basis. Contact the Chartered Accountant for required forms.

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