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NRI Handbook


    NRIs, PIOs & OCBs
                                                                                 


Intro | Accounts | Investments| Other facilities| Arbitrage/Interest


Following is available in Chapters "INVESTMENT OPTIONS" and "IMMOVABLE PROPERTY" of "HANDBOOK FOR NRI's, PIO's & OCB'S"- Click here

INVESTMENTS WITH REPATRIATION BENEFITS

1) Foreign Direct Investment

a) Automatic Route
Circumstances when the Automatic Route is not available
Reporting to RBI
Price of shares to non-residents
Availablity of automatic route for purchase of existing shares by the foreign investor
Repatriation of surplus funds
General Permissions
ADR / GDR / FCCB Route
Preference shares under the Automatic Route

b) Foreign Technical Collaboration
Provisions for remittance in foreign exchange on account of Foreign Technology Transfer
Parameters for foreign technology transfer under the Automatic Route of RBI
Automatic Route of RBI for technology transfer is not available
Procedure for RBI approval for foreign technical collaboration under the Automatic Route
Payment of royalty

c) Special Facilities available for Investment by NRIs and OCBs
Housing and Real Estate
Civil Aviation

2) INVESTMENT ON NON-REPATRIATION BASIS

Investment in Companies
Investment in Firms and Proprietary Concerns

3) Purchase And Sale Of Securities Other Than Shares Or Convertible Debentures Of An Indian Company By NRIs And OCBs Portfolio Investments

Remittance/Credit of Sale/Maturity proceeds of Shares and/or Debentures

Other Facilities



ACQUISITION OF IMMOVABLE PROPERTY IN INDIA

Acquisition and Transfer of Property in India by an Indian Citizen resident outside India

Acquisition and Transfer of Property in India by a Person of Indian Origin

Acquisition of Immovable Property for carrying on a Permitted Activity
Lifting of lock-in period for repatriation of sale proceeds of immovable property situated in India

Housing loan in rupees to NRIs/PIOs
Housing loan in rupees to a non-resident
Continuance of rupee loan/Overdraft to resident who becomes a person resident outside India
Continuance of rupee loan in the event of change in the residential status of the lender
Loans for repair / renovation / improvement of residential accommodation owned by them in India





 
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