Permissible capital account transactions include non-resident investment, property dealings, guarantees, deposits, capital remittances and derivative contracts in India. Schedule II identifies permissible capital account transactions for persons resident outside India. These include investment in Indian securities and ... Summary
Permissible capital account transactions include non-resident investment, property dealings, guarantees, deposits, capital remittances and derivative contracts in India.
Schedule II identifies permissible capital account transactions for persons resident outside India. These include investment in Indian securities and capital contributions to Indian firms, proprietorship concerns and associations of persons; acquisition or transfer of immovable property; guarantees for Indian residents; currency import or export; cross-border deposits; foreign currency accounts in India; and remittance of Indian capital assets outside India. Derivative contracts are also included as a permissible capital account transaction.
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