PREVIEW...
This handbook edited by Senior Bankers, including those who have worked in the Reserve Bank of India & Treasury of Banks, provides updated & authentic information at one place. Second edition of the Handbook, incorporates changes in last 12 months, including those outlined in Indian Budget 2004-05. This Handbook is divided in 11 Chapters and nearly 50 subsections.
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First edition of NRI Handbook was a Bestseller. In addition to NRIs from nearly 25 countries, first edition was subscribed by bankers & consultants across the globe... CLICK HERE FOR SUBSCRIBER LIST
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Special Price*: Rs 595(US$19.00)
List Price: Rs 918(US$21.00)
Edition: July 2004
Format: e-book (Adobe Reader)
Printable Version
93 Pages
This Handbook is only available in PDF Format (242k)
NRI's Handbook is edited by Senior Bankers, provides updated & authentic information at one place. This has been a bestseller both in India & abroad. Handbook provides various definitions, detailed note on all the different types of accounts including rules regarding repatriation; detailed account of all the Investment options available to the NRIs both on repatriation and non repatriation basis. Foreign direct investment both under the Automatic Route as well as Foreign Technical collaborations, issue related to ADRs / GDRs, Portfolio Investments, Acquisition of immovable property, various type of loans, facilities for insurance, education, visa rules, Tax concessions etc. Handbook also covers the facilities available to returning Indians, PIO Cards, list of banks offering ebanking facilities, categories of Visa to India etc.
This Handbook is available in PDF format & thus provides the convenience of having this ready reckoner in your desktop/laptop. You also have option to take printout of this Handbook as & when required.
About the Handbook
This Handbook is divided in 11 Chapters and nearly 50 subsections.
Click here to preview the full content list and Executive Summary of this handbook
TABLE OF CONTENTS
EXECUTIVE SUMMARY
CHAPTER 1-
INTRODUCTION
Definitions
Non-Resident Indian ( NRI )
Foreign Citizen Of Indian Origin
Person Of Indian Origin (PIO)
Overseas Corporate Body (OCB)
Status of NRIs Returning to India
Status of non-residents on temporary visits/stay in India
Status of Bank accounts on return to India
CHAPTER 2-
NRI ACCOUNTS
1. Non Resident (External) Rupee Accounts Scheme - NRE Accounts
2. Foreign Currency (Non Resident) Account (Banks) Scheme – FCNR (B) Accounts
3. Non Resident Ordinary Rupee (NRO) Account Scheme - NRO Accounts
4. Non Resident (Non Repatriable) Rupee Deposit Scheme - NRNR Accounts
5. Non Resident (Special) Rupee Account - NRSR Account
Safeguards for opening of and granting Loans against Non Resident Deposits
Repatriation of NRO funds
Features of various deposit schemes available to Non-Resident Indians (NRIs)
Features of various deposit schemes in foreign currency available to Resident Indians
Summary of Remittance facilities for NRIs/PIO and Foreign Nationals
CHAPTER 3-
INVESTMENT OPTIONS
Investments With Repatriation Benefits
1) Foreign Direct Investment
a) Automatic Route
Nature of Investments
Circumstances when the Automatic Route is not available
Government Approval
Reporting to RBI
Availablity of automatic route for purchase of existing shares by the foreign investor
Repatriation of surplus funds
General Permissions
ADR / GDR / FCCB Route
b) Foreign Technical Collaboration
Provisions for remittance in foreign exchange on account of Foreign Technology Transfer
Parameters for foreign technology transfer under the Automatic Route of RBI
Automatic Route of RBI for technology transfer is not available
Procedure for RBI approval for foreign technical collaboration under the Automatic Route
Payment of royalty
c) Special Facilities available for Investment by NRIs
Housing and Real Estate
Civil Aviation
2) Investment On Non-Repatriation Basis
Investment in Companies
Investment in Firms and Proprietary Concerns
3) Purchase And Sale Of Securities Other Than Shares Or Convertible Debentures Of An Indian Company By NRIs And OCBs
Portfolio Investments
Remittance/Credit of Sale/Maturity proceeds of Shares and/or Debentures
Other Facilities
CHAPTER 4-
IMMOVABLE PROPERTY
Acquisition Of Immovable Property In India
Acquisition and Transfer of Property in India by an Indian Citizen resident outside India
Acquisition and Transfer of Property in India by a Person of Indian Origin
Acquisition of Immovable Property for carrying on a Permitted Activity
Remittances out of Inherited Assets
Lifting of lock-in period for repatriation of sale proceeds of immovable property situated in India
Housing loan in rupees to NRIs/PIOs
Housing loan in rupees to a non-resident
Continuance of rupee loan/Overdraft to resident who becomes a person resident outside India
Continuance of rupee loan in the event of change in the residential status of the lender
Loans for repair / renovation / improvement of residential accommodation owned by them in India
CHAPTER 5-
OTHER FACILITIES
Authorised Dealers (ADs) Permitted to extend Rupee Loans to NRIs
Loans by Indian Companies to NRI Staff
Ceiling on Loans by Housing Finance Institutions
Payment of Interest on Delayed Refunds
Loans Abroad against Securities Provided in India
Loans in India against Guarantees by Non Residents
Payment to Non Resident Directors
Remittance of Current Income by NRIs
Import of Gold/Silver
Housing
Insurance
Education
Incorporation of a Company
VISA
CHAPTER 6-
FURTHER LIBERALIZATIONS
Loans from NRI Relatives
On Repatriation Basis
On Non Repatriation Basis
Loans from NRIs/PIOs/OCBs
On Non-repatriation Basis
Borrowing in Rupees by Indian companies
Restriction on use of borrowed funds
Commercial Papers
Rupee Loans to NRIs
Remittance of Sale Proceeds of Shares Abroad
Rupee Loans against Immovable Property held in India
CHAPTER 7-
TAX CONCESSIONS
Basis of Tax Liability in India
(1) Resident
(2) Resident But not Ordinarily Resident
(3) Non Resident
Extent of Tax Liability
Double Taxation Avoidance
Special Provisions Applicable to NRIs
20% Tax Scheme
Long Term Capital Gains
Tax Exemptions
Advance Rulings
CHAPTER 8-
FACILITIES FOR RETURNING INDIANS
Maintenance Abroad of Assets and Bank Accounts of Returning Indians
Resident Foreign Currency Accounts (RFC Accounts)
CHAPTER 9-
PIO CARDS
Form of application for issue/ renewal of a PIO Card
Authority to which application is to be made
Authority to grant a PIO Card
Validity of PIO Card
Fees
Status of PIO Cards issued earlier as per PIO Card Scheme (1999)
CHAPTER 10-
INTERNET BANKING IN INDIA
CHAPTER 11-
CATEGORIES OF VISA TO INDIA
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