Payment made by non resident towards share application

I want to know whether a Non Resident can make Share Application in an Indian Company by his NRO Account..

Whether any FEMA provisions would be attracted?

Please reply

Replies (2)

ANY PAYMENT RECEIVED FROM NRI WILL BE APPLICABLE WHETHER REPIRTABLE OR NON REPAIRTABLE ,AUTOMATIC ROUTE OR APPROVAL ROUTE

CHECK RBI SITE ALL CIRCULAR AVALIABLE 

 

What every NRI needs to know about NRI demat account? The Indian equity market is viewed as a window to prosperity by resident Indians and NRIs. Despite facing strenuous economic disaster, the Indian stock market is enjoying sheer position. The market has been on a roll for the past 10 years, with an estimated growth of 19% per annum witnessed on the Sens*x https://www.holisticinvestment.in/nri-demat Regards Ramalingam K, MBA, CFP, Director and Chief Financial Planner, Holistic Investment Planners “Best Performing Financial Advisor Award” Winners from CNBC TV18 www.holisticinvestment.in (Follow us on):- https://www.facebook.com/holisticinvestmentplanners

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