https://www.taxtmi.com/acts?id=2081 Portfolio Investment Scheme permits NRIs to purchase and sell listed securities and units through a designated branch of an Authorised Dealer, subject to individual and aggregate shareholding limits, delivery obligations, and compliance with FDI sectoral caps. NRIs must route PIS transactions through designated NRE(PIS) or NRO(PIS) sub-accounts; permitted credits and debits for each account type are specified. The designated branch must report transactions to the Reserve Bank and ensure reconciliation and prevention of non-PIS proceeds being credited to PIS accounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 26 Jun 2025 18:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2081 Portfolio Investment Scheme permits NRIs to purchase and sell listed securities and units through a designated branch of an Authorised Dealer, subject to individual and aggregate shareholding limits, delivery obligations, and compliance with FDI sectoral caps. NRIs must route PIS transactions through designated NRE(PIS) or NRO(PIS) sub-accounts; permitted credits and debits for each account type are specified. The designated branch must report transactions to the Reserve Bank and ensure reconciliation and prevention of non-PIS proceeds being credited to PIS accounts. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2081