You are neither required to sell your holdings when your status changes from non- resident to resident nor when resident to non-resident. You just need to change the status of your Trading and Demat Account. Since depository software do not permit change, you merely require to open new demat account with new status and transfer the shares from old demat account. Transfer of shares from resident demat account of same person (due to status change) to NRO demat account is permitted. Similarly NRO demat to resident demat is permitted. NRE demat to NRO demat as well as to Resident Demat account is permitted. Resident or NRO Demat to NRE Demat Account is not permitted.
- NRI Trading
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