Investing in unlisted shares by a resident foreigner

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A US citizen residing in India and filing taxes in both countries can invest in unlisted shares of the NSE. This is possible because they are considered a resident of India for tax purposes. The individual already has a demat and trading account, facilitating their entry into the unlisted market.

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(Querist)
26 August 2024 Can a resident foreigner invest in unlisted shares of NSE? He used to stay in the US and has US citizenship, but has now moved back to India for good. He hasn’t relinquished his US citizenship, and continues to file taxes in India and US. Also has a demat n trading account with Icici direct and actively invests in the secondary market. How easy or difficult would it be for him to invest in unlisted shares of NSE?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 August 2024 He is resident of India filing ITR in india and paying taxes in India, so no problem he can invest in unlisted shares.
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Rinku Datta

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Rinku Datta (Querist)
27 August 2024 Thanks so much for your response Mr Seetharaman! Appreciate it.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 August 2024 You are welcome...
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