Unlisted shares for NRIs should be done from NRO Non-PIS.
This is recent guidance from HDFC Bank where I have PIS/Non-PIS accounts.
As per them, the sale proceeds with come to same account. And investor has to account for capital gain and pay the tax directlu
Still it will be advisable to check from your own PIS Bank.
Please call so that Imay
Ashok K. Agrawal
KL, Malaysia
Email: aka3142@yahoo.com
Mobile Ph +60 17 8780907
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