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i have some investment in india nad i want to transfer that money to canada how can i do that? is there any restriction in doing that? or is there any limit to transfer that money from india? pl. guide me for that
thanks

2006-11-17 02:43:49 · 6 answers · asked by prashantha 1 in Business & Finance Taxes India

6 answers

Allowed 10000 $ transfer either way through banks.

2006-11-17 02:54:39 · answer #1 · answered by deepak57 7 · 0 0

Depends on what kind of investment. If you can transfer to someone else who is willing to purchase it, and who lives outside india, can do the transfer. I would like to know the details, if interests me, may be i can help
Regards

2006-11-17 04:47:08 · answer #2 · answered by manonthemoon 1 · 0 0

Hi Prashant,

Could you please be a little more specific as to what kind of investment it is.

Is it investment in Direct Equities or MFs or Real Estate or Bonds? Have you tried to know the Canadian regulations with respect to this?

There is always a cap or restrictions on investments made by organisations. If you are an individual investor, you will not have much of regulations.

Mail me if needed @ zafar_parekh@yahoo.com

2006-11-17 03:07:42 · answer #3 · answered by Zafar 2 · 0 0

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2016-12-29 04:01:43 · answer #4 · answered by Anonymous · 0 0

There should not be any problem provided the amount of investment is within the limit any resident indian can purchase foreign currency freely. ( Presently usd25000 ). I assume that these are financial assets.

2006-11-17 03:33:26 · answer #5 · answered by cvrk3 4 · 0 0

Go to a bank and see if they can assist you with the transfer.

2006-11-17 02:51:59 · answer #6 · answered by KevinsDa1 1 · 0 0

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