https://www.taxtmi.com/circulars?id=52374 Authorised dealer banks may permit their branches to administer NRI investments under the Portfolio Investment Scheme while allotting a single Unique Code to the bank's designated link office; the link office must be furnished to the Reserve Bank in advance and must report all PIS transactions daily via the Online Report Filing System in form LEC (NRI). Banks must apply scheme terms, enforce sectoral investment exclusions specified under FEMA, ensure compliance with AD and EC.CO.FID circulars and other FEMA requirements, and note the derecognition of Overseas Corporate Bodies as eligible investors. en-us Tue, 20 Aug 2013 00:00:00 +0530 Wed, 21 Aug 2013 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52374 Authorised dealer banks may permit their branches to administer NRI investments under the Portfolio Investment Scheme while allotting a single Unique Code to the bank's designated link office; the link office must be furnished to the Reserve Bank in advance and must report all PIS transactions daily via the Online Report Filing System in form LEC (NRI). Banks must apply scheme terms, enforce sectoral investment exclusions specified under FEMA, ensure compliance with AD and EC.CO.FID circulars and other FEMA requirements, and note the derecognition of Overseas Corporate Bodies as eligible investors. Circulars FEMA Tue, 20 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52374