Trading account for nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2013
Can a NRI open a trading account for trading in Commodity market and what shall be the conditions and approvals required for it?
Ajay Mishra
(Expert)
19 September 2013
No.
Any individual, Hindu undivided family (HUF), proprietary firm, partnership firm, or a company can open an account with Kotak Commodity.
Only resident Indians can open commodity trading account.NRIs, MFs, Banks and FIIs are not allowed to trade in commodity futures in India.
Any individual, Hindu undivided family (HUF), proprietary firm, partnership firm, or a company can open an account with Kotak Commodity.
Only resident Indians can open commodity trading account.NRIs, MFs, Banks and FIIs are not allowed to trade in commodity futures in India.
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