RBI Circular: Indian Resident Can Gift Securities Worth $50000

0
793
Print Friendly, PDF & Email

A person resident in India who proposes to transfer, by way of gift, to a person resident outside India any security including shares/convertible debentures is required to obtain prior approval of the Reserve Bank. However, the value of security to be transferred together with any security transferred by the transferor, as gift, to any person…

This content is for annual and Semi Annual members only.
Log In Register