Non-repatriable deposits may be accepted by eligible Indian entities, while fresh repatriable deposits from specified non-residents remain prohibited. Companies and specified bodies corporate cannot accept fresh repatriable deposits from non-resident Indians or persons of Indian origin, though previously ... Summary
Non-repatriable deposits may be accepted by eligible Indian entities, while fresh repatriable deposits from specified non-residents remain prohibited.
Companies and specified bodies corporate cannot accept fresh repatriable deposits from non-resident Indians or persons of Indian origin, though previously accepted deposits may be renewed subject to applicable conditions. Companies, bodies corporate, proprietary concerns and firms may accept deposits from such persons on a non-repatriation basis, subject to prescribed conditions. The former mechanism for accepting deposits through commercial paper issued to specified non-resident investors has been omitted.
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