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Stockinvest Scheme Introduction of stockinvest in primary capital market for NRIs/OCBs

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....NRIs/OCBs Attention of authorised dealers is invited to Circular No. DBOD.BC. 76/24.47.001.91/92, dated 1‑2‑1992 issued by our Department of Banking Operations and Development (DBOD) in terms of which STOCKINVEST has been introduced as payment instrument for application money to the issue of capital by Indian companies. 2. With a view to enabling non‑residents of Indian nationa....

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Stockinvest Scheme Introduction of stockinvest in primary capital market for NRIs/OCBs