Capital account transactions by non-residents: defined categories govern investments, property, guarantees, currency movements and accounts. Classes of capital account transactions by persons resident outside India include investments in securities and capital contributions to Indian firms and ... Summary
Capital account transactions by non-residents: defined categories govern investments, property, guarantees, currency movements and accounts.
Classes of capital account transactions by persons resident outside India include investments in securities and capital contributions to Indian firms and associations; acquisition and transfer of immovable property; guarantees in favour of Indian residents; import/export of currency; deposits between residents and non-residents; foreign currency accounts in India; remittance of capital assets outside India; and the undertaking of derivative contracts as subsequently inserted.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.