Can NRIs allotted shares under ESOP scheme open trading account in India?

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Yes, NRIs are allowed to open a trading account in India with the sole objective of selling the shares acquired under the ESOP scheme.

The listed Indian Companies are allowed to issue shares under the Employee Stock Option Scheme (ESOP) to the employees who are resident outside India. The shares under ESOP come under the Non-PIS category. Thus, an NRI can open an NRE or NRO trading account along with NRE/NRO Demat and bank account based on whether an NRI wants to acquire the shares with or without repatriation benefits.


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