How to remit dividend in foreign currency to an NRI who purchased shares from an NRI in foreign curr

Aditi Kaur (Practising CA)    23 January 2021

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Sourav (Student)     22 January 2021

Yes RBI prior permission is required for money remittance and such remittance should be done through Foreign Currency Non resident Account

Dev Prajapati   22 January 2021

Yes , RBI permission is required for remittance of dividend to N.R. shareholder by an Indian Company...
For that an Indian Company is required to make an application to A.D. BANK in specified form (in duplicate) alongwith specified documenta...

Mahesh SV (Accounts Manager)     22 January 2021

How Sir. We need to remit the dividend through Company A/c to NRI A/c abroad. Since there was no FCGPR available , Is RBI Permission necessary

Sourav (Student)     22 January 2021

Yes rbi permission is necessary