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of <h1>RBI Circular Permits Non-Residents to Buy Shares on Stock Exchanges via Brokers Under FDI, Following FEMA Guidelines.</h1> The circular from the Reserve Bank of India addresses the purchase of shares on recognized stock exchanges by non-residents, including Non-Resident Indians, under the Foreign Direct Investment (FDI) scheme. It allows such acquisitions through registered brokers, provided the non-resident already holds control per SEBI regulations. Payment for shares can be made via inward remittance, NRE/FCNR accounts, escrow accounts, or dividends. The pricing and investments must comply with FEMA guidelines and FDI policies. The circular instructs authorized dealer banks to inform their customers and notes amendments to relevant regulations.
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