10C.8
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Purchase of Shares of Indian Companies by Private Arrangement
NRIs/OCBs require permission of Reserve Bank for purchasing shares of Indian companies by private arrangement. For this purpose, application in form FNC 7 together with the non-repatriation undertaking in form NRU may be submitted by the non-resident investor to the office of the Reserve Bank in whose jurisdiction the companys Head/Registered Office is situated.