While form A4 should be completed in respect of operations on the account where the credit transactions are for Rs.1,00,000/- and above (except interest earned on funds in the account or on deposits held by the account holder), in respect of debit transactions, Form A4 should be completed only if the transaction relates to investment in shares/securities/commercial paper of Indian companies or for purchase of immovable property in India, and the amount involved is Rs.1,00,000/- or more. Forms A4 need not be forwarded to Reserve Bank but should be retained with authorised dealers for scrutiny at the time of audit/inspection. Form A4 need not be forwarded to the non-resident constituent for completion. As far as possible, authorised dealers should have the form completed by the resident party to the transaction or complete it themselves after obtaining requisite particulars from resident beneficiary or remitter as the case may be