Sale/Transfer of Shares/Bonds/Debentures

by NRIs to Residents

10C.25

(i)

In order to facilitate quick transfer of shares/bonds/debentures held by NRIs to

residents, Reserve Bank has granted general exemptions by Notifications issued under

Section 19(6) of FERA1973 for sale/transfer of shares/bonds/ debentures through stock exchanges in India subject to fulfillment of certain conditions. The details of these exemptions have been explained in paragraphs 10C.26 and 10C.27.