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Is it mandatory for the Non-Resident Indians to seek permission from the RBI to invest in proprietary or partnership concerns on Non-Repatriation basis? |
| # Non-Resident Indians need not seek permission from RBI to invest in proprietary or partnership concerns on a Non-Repatriable basis. | |
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For the purposes of investment in
mutual funds, is it required by a Non-Resident Indian to seek
permission from the RBI? |
| # NRI's need not seek permission from the RBI to invest and redeem units in Mutual Funds. | |
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What
all accounts needed to do trading in Indian stock market for an
NRI, PIO - person of India origin or OCI - overseas citizenship
holder of India? |
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# He/She needs to open
these following accounts: 1. PIS Account 2. Trading Account 3. Demat Account 4. Non PIS (NRI Bank Account) |
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