Recently an NRI purchased shares of a Pvt Ltd company from another NRI in foreign currency. How to remit dividend to this NRI in foreign currency. Is RBI permission required to transfer dividend to this NRI
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How to remit dividend in foreign currency to an NRI who purchased shares from an NRI in foreign curr
Replies (6)
Yes RBI prior permission is required for money remittance and such remittance should be done through Foreign Currency Non resident Account
Yes , RBI permission is required for remittance of dividend to N.R. shareholder by an Indian Company...
For that an Indian Company is required to make an application to A.D. BANK in specified form (in duplicate) alongwith specified documenta...
For that an Indian Company is required to make an application to A.D. BANK in specified form (in duplicate) alongwith specified documenta...
How Sir. We need to remit the dividend through Company A/c to NRI A/c abroad. Since there was no FCGPR available , Is RBI Permission necessary
Yes rbi permission is necessary
Either NRI has to give any bank account details of India or Foreign bank account details with necessary ok from RBI
Thank you all Sir.
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