https://www.taxtmi.com/circulars?id=1856 OCBs are not permitted to make fresh purchases of shares or convertible debentures in India under the Portfolio Investment Scheme; OCBs that have already invested may continue to hold and may sell those securities on the stock exchange. Link offices of Authorised Dealers must continue daily reporting of OCB sale transactions. The change is effected by amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. OCBs continue to be eligible to open and maintain non-resident accounts and to make direct investment (FDI) under existing regulations. en-us Thu, 29 Nov 2001 00:00:00 +0530 Fri, 03 Oct 2008 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1856 OCBs are not permitted to make fresh purchases of shares or convertible debentures in India under the Portfolio Investment Scheme; OCBs that have already invested may continue to hold and may sell those securities on the stock exchange. Link offices of Authorised Dealers must continue daily reporting of OCB sale transactions. The change is effected by amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. OCBs continue to be eligible to open and maintain non-resident accounts and to make direct investment (FDI) under existing regulations. Circulars FEMA Thu, 29 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1856