Non-resident Indian and person of Indian origin

Monitoring of Foreign Investment by NRIs/PIOs under PIS in Indian Companies

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s Kama Holdings Limited by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Accordingly, no further purchases of this company would be allowed through stock… Read More

Tags: foreign direct investmentGeneral managerIndiaIndian OriginNon-resident Indian and person of Indian originPersonsReserve Bank of IndiaStock exchange

Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More

Tags: Anno DominiAsiaFinancial servicesForeign Exchange Management ActIndiaIndian rupeeMutual fundNon-resident Indian and person of Indian origin

Investment in Credit Information Companies

DBOD.CID.BC.No.74/20.16.042/2013-14 November 29, 2013 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies dated November 20, 2008, Reserve Bank of India, being satisfied that… Read More

Tags: AsiaFinancial servicesforeign direct investmentIndiaInvestmentNon-resident Indian and person of Indian originRegulationReserve Bank of India

RBI Clarification on carrying of INR 10,000 by Non-residents and Residents

In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk.  This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank.  The Reserve Bank issues… Read More

Tags: BhutanCurrencyIndiaIndian rupeeNepalNon-resident Indian and person of Indian originReserve Bank of IndiaSeptember 16 2013

RBI Monthly Bulletin, September 2013

The Reserve Bank of India today released the September 2013 issue of its monthly Bulletin. The Bulletin includes four special articles: (1) Corporate Investment: Growth in 2012-13 and Prospects for 2013-14; (2) Developments in India™s Balance of Payments during Fourth Quarter (January-March) of 2012-13; (3) India™s External Debt as at end-March 2013; and (4) Consumer Confidence Survey… Read More

Tags: External debtGDPIndiaMarch 2012March 2013Non-resident Indian and person of Indian originReserve Bank of IndiaUnited States dollar

RBI Clarification w.r.t. Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations

RBI/2013-14/232 A.P. (DIR Series) Circular No. 38 September 6, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Schedule 1 to Foreign… Read More

Tags: Anno DominiCategories of New Testament manuscriptsFederal Emergency Management AgencyForeign Exchange Management ActIndiaNon-resident Indian and person of Indian originReserve Bank of IndiaSecurities & Exchange Board of India

Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy

RBI/2013-14/192 A. P. (DIR Series) Circular No.29 August 20, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Schedule 3 of the Foreign Exchange Management (Transfer or Issue… Read More

Tags: Anno DominiFederal Emergency Management AgencyForeign Exchange Management ActIndiaNon-resident Indian and person of Indian originPISReserve BankReserve Bank of India

Master Circular of instructions relating to deposits held in FCNR(B) Accounts

RBI/2013-14/74 DBOD.No.Dir.BC. 11 /13.03.00/2013-14 July 1 , 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular of instructions relating to deposits held in FCNR(B) Accounts Please refer to the Master Circular DBOD No. Dir. BC.8/ 13.03.00/2012-13 dated July 2, 2012 consolidating the instructions/guidelines issued to banks till June 30, 2012… Read More

Tags: chartered accountantForeign Exchange Management ActIndiaMaster CircularNon-resident Indian and person of Indian originRegional Rural BankReserve Bank of IndiaSAKA

Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals

RBI/2013-2014/8 Master Circular No.8 /2013-14 July 01, 2013 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and (2)… Read More

Tags: chartered accountantCompany SecretaryFEMAForeign Exchange Management ActIndiaMaster CircularMaster Circulars 1st July 2013Non-resident Indian and person of Indian origin

Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin

RBI/2013-14/4 Master Circular No. 4/2013-14 July 1, 2013 To, All Category - I Authorised Dealer banks Madam / Sir, Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is… Read More

Tags: Foreign Exchange Management ActImmovable propertyIndiaMaster CircularMaster Circulars 1st July 2013May 3 2000Non-resident Indian and person of Indian originReserve Bank

Master Circular on Non-Resident Ordinary Rupee (NRO) Account

RBI/2013-14/2 Master Circular No.2 /2013-14 July 1, 2013 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of… Read More

Tags: Bangladeshchartered accountantFederal Emergency Management AgencyForeign Exchange Management ActGeneral managerIndiaMaster CircularMaster Circulars 1st July 2013Non-resident Indian and person of Indian originNRINROReserve Bank

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