Whether a non-resident foreigner can invest in stock market.please give some cicular/notification if any for reference purpose.
SHRMONEY
(solve legal finance problems - shrmoney@gmail.com)
(148 Points)
Replied 25 November 2012
Yes it is allowed now . Only problem which in the process of getting solved is that the person has to first take a PANCARD.
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 05 April 2013
Creating a Checklist or ‘to-do list’ helps to ensure consistency and completeness in carrying out a task. Becoming an NRI is a major transition which definitely needs a checklist. Here is a personal finance check list to be taken care before departing from India.
https://holisticinvestment.in/resident-to-nri
Regards,
Ramalingam K, MBA, CFP,
Chief Financial Planner,
Holistic Investment planner private Limited,
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indiactwo
(B.Com)
(38 Points)
Replied 26 April 2013
Yes he or she can invest in the stock market. And i would like to suggest Mutual Funds as the best investment option. Mutual Funds are easy and benificial for investment. You can visit https://www.financialadvisors.dspblackrock.com/news-and-views/equity-market.aspx for advice on investment.
CAclubindia
