Who is an overseas citizen of India? Under OCI Scheme operational from Dec. 2, 2005, the Indian government decided to grant overseas citizenship of India (OCI) commonly...
Who is a person of Indian Origin? For the purposes of investing in shares/securities in India, a person of Indian origin is a citizen of any country...
Who is a Non-Resident Indian (NRI)? Non-Resident Indian (NRI) means a “person residing outside India” who is a citizen of India or is a person of...
Can NRI’s invest in shares in India through a stock exchange? Yes, NRI’s can purchase shares or convertible debenture of an Indian Company through stock exchanges, under the portfolio investment scheme...
NRI share transfer under Portfolio Investment Scheme (PIS) Shares purchased under PIS on stock exchange shall be sold on the stock exchange only. Such shares cannot be transferred...
