Paterson s PMS Operations
|
|
- Suzan Webb
- 5 years ago
- Views:
Transcription
1 Paterson s PMS Operations
2 Introduction Paterson Securities (P) Ltd. is a Chennai-based, SEBI registered Stock Broking firm that carries the legacy of Trust and Integrity for over 75 years. As the first broking firm in South India, we are pioneers in the field of Financial Services. Our main asset has been the long-lasting relationships we have built with our clients, many of them across several generations. We have built our reputation through a tradition of trust, reliability and transparency in our operations. Our loyal clientele include Institutional Investors, NRIs, Large Corporate Groups, High Net worth Individuals and more than retail investors. Paterson Securities (P) Ltd. is a subsidiary of Hinduja Bank (Switzerland), one of Asia s largest conglomerates, the Hinduja Group, which is spread across 32 countries. Our basket of Services include Stock Broking, Depository, PMS, Mutual Funds, Corporate Debt. We focus on innovation and excellent customer service. Paterson Securities has been SEBI registered Portfolio Management Service providers for the last 10 years. 8/24/2017 2
3 Portfolio Management Services -Operations The PMS account comprises the Trading, Depository and Bank account, which is operated under a Power of Attorney, registered in our favour for operational convenience. Paterson ensures the KYC and mandatory Reporting / Compliance, to SEBI and other Statutory bodies. Paterson also maintains the Accounts pertaining to the Transactions, charging of Fees, etc. 8/24/2017 3
4 The PMS & Compliance The PMS is regulated by SEBI and Paterson ensures that all the regulations governing the PMS are strictly adhered to. KYC is stringent and thorough, ensuring smooth flow after Account is opened. Reporting to SEBI is on Monthly, Quarterly and Annual basis. The PMS division comes under Internal Audit, and these reports are also submitted to SEBI Clients are provided an ID to raise their complaints and grievances, if any, and these are immediately addressed. Reporting to Clients is on regular basis, periodicity based on clients preference Reports for Tax purpose ( Capital Gains, STT, Booked Profit in the case of Derivatives, Transaction Statement, bank Statement, etc are provided ) 8/24/2017 4
5 PMS Documentation Process DOCUMENTS TO BE SUBMITTED Pass Port Size Photos (4 copies for Paterson & 4 for the Bank ) Cancelled cheque leaf from the PMS designated Bank account *. Address proof ( Bank Statement with minimum 6 months activity Driving license, Passport Copy, DL ) PAN Card ( 5 self attested copies ) Aadhaar Copy ( 2 self attested copies ) Cheque for Rs 15,000 to open Bank account * This will be available with Paterson after the Account is opened FORMS / AGREEMENTS TO BE EXECUTED Completed Client Registration form ( Brokerage a/c) Bank and Depository account opening forms Discretionary PMS Agreement Power of Attorney in favor of Paterson Note : Under the Portfolio Management Service for NRI s, Paterson has an arrangement with Indusind Bank, HDFC, etc. with whom the investor s Bank account is set up. All PMS related transactions including dividend credits are routed through this account. 8/24/2017 5
6 PMS for NRIs : Who is an NRI Person who does not reside in India for more than 182 days in any preceding financial year. Non Resident Indians is also someone who falls under the following broad categories: 1. Indian citizens who stay abroad for employment or for carrying on a business or vacation or for any other purpose in circumstances indicating an indefinite period of stay outside India. 2. Indian citizens working abroad on assignments with foreign Governments/government agencies or international/regional Agencies like the UNO, IMF, World Bank, etc. Who is a PIO? A citizen of any country (other than a citizen of Bangladesh or Pakistan) is deemed to be of Indian origin, if, He, at any time, held an Indian passport, or He or either of his parents or any of his grand parents was a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955,or Spouse (not being a citizen of Bangladesh or Pakistan or Sri Lanka) of an Indian citizen or of a person of Indian origin is also deemed to be a PIO. 8/24/2017 6
7 PMS for NRIs : Distinction between NRE account and NRO account: Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRO account cannot be remitted abroad but used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder can only be credited to NRE accounts. Funds which do not qualify, under the Exchange Control regulations, for remittance outside India are required to be credited to NRO account Non Resident Indian s and Persons of Indian origin can invest in Indian Equities under the Portfolio Investment Scheme(PIS), which allows an NRI to acquire shares of Indian companies or units of domestic mutual fund through stock exchanges in India. An NRI or a PIO can individually purchase shares up to 5% of the paid up capital of an Indian company. Investments can be made on both repatriation and non repatriation basis. 8/24/2017 7
8 Investment in Direct Equities PMS by NRIs & PIO s To be able to invest in the PMS, an NRI will need to set up the following accounts With a designated Banker NRE Savings a/c for investments made on repatriation basis NRO Savings a/c for investments made on non-repatriation basis Portfolio Investment scheme ( PIS ) a/c for routing of market transactions & RBI reporting With Paterson - CDSL Depository Account ( Repatriable / Non-Repatriable) PMS linked Brokerage a/c PMS Fee & other charges Portfolio Management Service Fees: As applicable Brokerage: 0.25 % per transaction, & statutory charges as applicable Depository charges : Waived Documentation charges : Waived 8/24/2017 8
9 General Information 1.All NRI transactions are reported to the Reserve Bank of India by the designated Banker 2. Speculative transactions i.e. buying and selling securities on the same day are not permitted in the case of NRI s 3.Transaction process : When a purchase or sale is made, Paterson forwards the original contract to the designated banker within 24 hours of the transaction.the Banker then releases payment to Paterson on the basis of the contract for purchases. In case of a sale, as per PIS guidelines, TDS on Capital gains if any, are deducted at the applicable rate while crediting the sale proceeds to the NRI Savings account. 4.If a customer already has a PIS portfolio and wishes to transfer the same to another Banker, he would need to normally submit the following documents- NOC from existing Bank Certified copy of valid approval Certificate from Banker confirming details of his current holdings (with date & cost of acquisition) purchased through the NRE/NRO a/c with them. 5.To invest on a repatriable basis, the amount representing the investment should be received by inward remittance through normal banking channels or debit to the NRE/FCNR account of the NRI. 8/24/2017 9
10 6. In case of non repatriable accounts, only the dividend arising out of the investment is eligible for repatriation 7. At present NRIs are not permitted to invest in Media & Nationalized bank stocks. 8. Only one PIS account can be maintained by a non resident for all market related transactions. 9. The PAN card is mandatory for almost any investment related activity in India. In case you need to apply for a PAN card, Paterson can assist you with the process. 10. Tax provisions: TDS (Tax Deducted At Source) As per regulatory guidelines, Tax (if applicable) has to be deducted at source for all the profits done in the equity market transactions by NRIs. Before crediting sales proceeds it is the responsibility of the remitter to determine the appropriate Tax and deduct it at source. Equities: Long-term capital gain - If the period of holding is more than 1 year i.e. the difference between the date of purchase and sell is more than 1 year, then the TDS rate applicable is 0 %. Short-term capital gain - If the period of holding is less than 1 year i.e. the difference between the date of purchase and sell is less than 1 year, then the TDS rate applicable is 15 % on capital gain. Charges and cess will apply as per regulations. No TDS is charged on losses. TDS is handled by the Bank. Dividend income tax free in the hands of the investor 8/24/
11 PMS Documentation Process For Non Resident Indians DOCUMENTS TO BE SUBMITTED Pass Port Size Photos (3 copies for Paterson & 4 for the Bank ) Cancelled cheque leaf from the PMS designated Bank account *. Passport and Visa copies, self attested (In duplicate) Address proof (Local & foreign) (Bank pass book / Statement with minimum 6 months activity or Driving license/utility Bill. PAN Card ( two self attested copies ) PIO card where ever applicable. FEMA Declaration. Investment cheque from an existing NRE Savings a/c or Overseas a/c (Repatriation basis) Investment cheque from an NRO account (Non-Repatriation basis ) Cheque for Rs 15,000 to open Bank account FORMS / AGREEMENTS TO BE EXECUTED Completed Client Registration form ( Brokerage a/c) Bank and Depository account opening forms Discretionary PMS Agreement Power of Attorney in favor of Paterson * Note : Under the Portfolio Management Service for NRI s, Paterson has an arrangement with Yes Bank & Axis Bank with whom the investor s Bank account is set up. All PMS related transactions including dividend credits are routed through this account. 8/24/
12 Paterson s Special Services to NRIs The main requirement is to have a Permanent Account Number ( PAN ); Paterson assists in acquiring PAN Paterson assists in setting up PIS and Bank accounts. Paterson offers Advisory on legal heir matters. Paterson assists in your yearly tax filing ( where needed ) We provide data in the format required, for NRIs to report their Indian earnings to their respective Tax Authorities We offer Advisory service and assistance on Repatriation of Funds 8/24/
13 Contact us CHENNAI Head Office 48, Vanguard House, 2 nd Line Beach, Chennai Tel: (044) Fax: (044) Corporate Office No. 3, Bhavani Mansion, 4 th Lane, N. High. Road Chennai Tel: (044) BANGALORE No. 183, 2 nd Floor, Opp Northside Hospital, 60ft Road, G Block, Sahakaranagar, Bangalore. Ph : For more information contact: Poornima Rao Mobile poornima@paterson.co.in 8/24/
NRI Trading Accounts in BSE and NSE Capital Market Segment
NRI Trading Accounts in BSE and NSE Capital Market Segment NRI & PIO can invest in the Stock Markets in India MSPL offers Online and Offline Trading facility in NSE Equities for Non-Resident Indians (NRIs)
More informationAPPLICATION FOR DESIGNATING BANK ACCOUNT FOR PORTFOLIO INVESTMENT SCHEME (PIS)
APPLICATION FOR DESIGNATING BANK ACCOUNT FOR PORTFOLIO INVESTMENT SCHEME (PIS) Application for designating an exclusive account for routing all his/her transactions made under Portfolio Investment Scheme
More informationRBI FACILITIES FOR NON RESIDENT INDIAN (NRI)
RBI FACILITIES FOR NON RESIDENT INDIAN (NRI) FACILITIES FOR NON RESIDENT INDIANS (NRIS) AND PERSONS OF INDIAN ORIGIN (PIOS) (updated as on January 17, 2012) In terms of the Foreign Exchange Management
More informationAPPLICATION FOR PORTFOLIO INVESTMENT SCHEME
APPLICATION FOR PORTFOLIO INVESTMENT SCHEME Date: The Manager NRI and PIS Services HDFC Bank branch. Dear Sir, Ref: Application for permission to deal in shares in secondary market under the Portfolio
More informationIn terms of the Foreign Exchange Management Act (FEMA), 1999 a person resident outside India means a person who is not resident in India.
RBI Guide lines Note: The below stated information has been taken from the FAQ s Selection of the RBI, Which was last update on the Septmeber 19 2014. We aim to keep updated this selection with relevant
More informationICAI WIRC Seminar. Dos and Don ts for NRIs. March 1, 2014 C.A. Rahul Manjrekar For Discussion purposes only
ICAI WIRC Seminar Dos and Don ts for NRIs 1 Contents Meaning - NRI and PIO? Dos and Don ts - General Emigrating Indians NRIs residing abroad Investment opportunities in India for NRIs Borrowing and Lending
More informationOther facilities to NRIs/PIO and other Foreign Currency Accounts
PUNJAB NATIONAL BANK RESOURCE MOBALISATION DIVISION HO: NEW DELHI Other facilities to NRIs/PIO and other Foreign Currency Accounts 1. Investment facilities for NRIs 1.1 NRI may, without limit, purchase
More informationNRI Fact Sheet. Who is a non-resident Indian (NRI)?
NRI Fact Sheet Who is a non-resident Indian (NRI)? An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention
More informationNRE & NRO Savings account
NRE & NRO Savings account Who are eligible to open NRE & NRO account? Individual NRI s and PIO s are eligible to open NRE and NRO account. NRI (Non-Resident Indian) - An Indian Citizen residing outside
More informationRBI/ /23 Master Circular No.03 / July 1, To, All Authorised Dealer Category I banks and Authorised banks
RBI/2009-10/23 Master Circular No.03 /2009-10 July 1, 2009 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Circular on Non-Resident Ordinary Rupee (NRO) Account The
More informationVARIOUS DEPOSIT SCHEMES AVAILABLE TO NON-RESIDENT INDIANS (NRIs)
VARIOUS DEPOSIT SCHEMES AVAILABLE TO NON-RESIDENT INDIANS (NRIs) Particulars Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account] Non-Resident (External) Rupee Account Scheme [NRE
More informationDOCUMENTS FOR OPENING TRADING &/OR DEMAT ACCOUNT FOR A NON-RESIDENT INDIAN (NRI)
DOCUMENTS FOR OPENING TRADING &/OR DEMAT ACCOUNT FOR A NON-RESIDENT INDIAN (NRI) (Refer list of SEBI approved documents to be submitted as proofs - given immediately after this table) Individual KRA-KYC
More informationForeign Direct Investment in Construction Industry
Foreign Direct Investment in Construction Industry CA Hetan Patel 6 Feb 2011 1 Types of Foreign Investments Foreign Investments Foreign Direct Investments Foreign Portfolio Investments Foreign Venture
More informationInvestment by NRIs & PIOs. By CA G. Murali Krishna M. Com., ACS, ACA Mobile No
Investment by NRIs & PIOs By CA G. Murali Krishna M. Com., ACS, ACA Mobile No. 09849992493 Email What is FEMA FEMA stands for FOREIGN EXCHANGE MANAGEMENT ACT The act has been enacted by the Government
More informationPORTFOLIO INVESTMENT SCHEME (PIS) For Investment in Secondary Market by Non-Resident Indians
PIS Account Opening Application for Non-Resident Individuals PORTFOLIO INVESTMENT SCHEME (PIS) For Investment in Secondary Market by Non-Resident Indians The Portfolio Investment Scheme (PIS) allows NRIs
More informationPortfolio Investment Scheme (PIS) Account Opening Form
Portfolio Investment Scheme (PIS) Account Opening Form Documents verified and attached to account opening form Copy of Passport of each applicant showing Valid Passport Details, Details of Identity, Valid
More informationII. DEMAT ACCOUNT OPENING
II. DEMAT ACCOUNT OPENING 1. What are the benefits of opening a demat account for investors? A demat account has become a necessity for all categories of investors for the following: a. SEBI has made it
More informationRBI/ /242 Master Circular No. 03 / February 21, 2008
RBI/2007-2008/242 Master Circular No. 03 /2007-08 February 21, 2008 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance
More informationDo s & Don ts under FEMA for NRIs
Do s & Don ts under FEMA for NRIs 29 th January, 2011 WIRC of the Institute of Chartered Accountants of India Presented by CA Natwar G. Thakrar AGENDA Overview of FEMA Dos and don ts - General Meaning
More informationestments by NRIs, PIOs & Foreign Nationals (including posits); Permitted Remittances for various purposes
estments by NRIs, PIOs & Foreign Nationals (including posits); Permitted Remittances for various purposes A Presentation by R.V.Seckar, M.COM M, FCS,ICSA (UK), LLB in the BEYOND THE BOUNDARY - Two Day
More informationAPPLICATION FORM. Application for designating an exclusive account for routing all his/her transactions made under Portfolio Investment Scheme (PIS)
APPLICATION FORM Application for designating an exclusive account for routing all his/her transactions made uer Portfolio Invement Scheme (PIS) NOTE: PIS WILL BE DESIGNATED ONLY TO THE MAIN APPLICANT AND
More informationInvestment in India by NRI Regulatory Framework. Rajesh P Shah Partner M/s. Jayantilal Thakkar Associates
Investment in India by NRI Regulatory Framework Rajesh P Shah Partner M/s. Jayantilal Thakkar Associates 1 2 Avenues available for NRIs Investment in Shares / Securities Repatriable investment Foreign
More informationNRI offerings: E-broking Offline Demat Advisory Services Equity and Fundamental Research MF/IPO
Presentation on SSL NRI Demat & Trading Product (NRI e-z Trade) * in association with SBI Our Products and Offerings 3 in 1 Account e-broking Seamless Online trading experience to invest in the Indian
More informationInvestments by NRIs under Schedule 4 of TISPRO Regulations
Kishore Joshi and Prashant Prakhar 1 Investments by NRIs under Schedule 4 of TISPRO Regulations Introduction Non-resident Indians ( NRI ) are a group of people who, despite being settled overseas, have
More informationPORTFOLIO INVESTMENT SCHEME (PIS) for NRIs ACCOUNT OPENING FORM
PORTFOLIO INVESTMENT SCHEME (PIS) for NRIs ACCOUNT OPENING FORM WELCOME NRIs INVEST IN INDIA S GROWTH STORY WITH EASE FEDERAL BANK PORTFOLIO INVESTMENT SERVICES FOR NRIs HASSLE FREE FACILITIES FOR INVESTMENT
More informationFrom Date The Manager - NRI Department AXIS BANK LTD Dear Sir, Demat Charges Standing Instruction You are requested to mark standing instructions to debit my NRE/NRO saving bank account No on the basis
More informationBIRD S EYE VIEW OF FEMA
BIRD S EYE VIEW OF FEMA By CA D S Vivek & CA Chandra Shekar B D Introduction The Indian government has formulated the Foreign Exchange Management Act (FEMA), which relates to the management of exchange
More informationRESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai Notification No. FEMA 5(R)/2016-RB April 01, 2016
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 5(R)/2016-RB April 01, 2016 Foreign Exchange Management (Deposit) Regulations, 2016 In exercise of
More informationREGULATIONS GOVERNING FOREIGN CURRENCY ACCOUNTS IN INDIA
Open Access Journal available at jlsr.thelawbrigade.com 399 REGULATIONS GOVERNING FOREIGN CURRENCY ACCOUNTS IN INDIA Written by Shubham Grover 1 st Year M.A. Business Laws, WBNUJS, Kolkata Introduction
More informationNRE ACCOUNT TYPE NRO. Standing Instructions (SI) for RD. Permanent Address. Overseas Address APPLICANT 2. Permanent Address.
ACCOUNT TYPE NRE... NRO E or S Mode Of Operation Joint A or S F or S For Term/ Recurring Deposits: Period Periodicity Standing Instructions (SI) for RD Mly Qly Qly Hly Interest Credit A/C Yly On Maturity
More informationNRE (Non-Resident External) account And NRO (Non-Resident Ordinary) account INDIAN PROPERTY SHOW AT LONDON APRIL 2016
NRE (Non-Resident External) account And NRO (Non-Resident Ordinary) account INDIAN PROPERTY SHOW AT LONDON BRIEF INTRODUCTION NRIs (Non-Resident Indians) managing income earned in India and abroad may
More informationEXECUTIVE SUMMARY FEMA Regulations
Doha Chapter of ICAI 5 th January 2014 Relevant Changes in FEMA regulations and Direct & Indirect Taxation affecting Real Estate Transactions, with reference to NRI by CA R.BUPATHY PAST PRESIDENT - ICAI
More informationFOREIGN DIRECT INVESTMENT
FOREIGN DIRECT INVESTMENT INDEX FOREIGN DIRECT INVESTMENT... 2 FDI CAP... 3 PROHIBITION ON INVESTMENT IN INDIA... 3 ELIGIBLE ENTITIES... 4 TYPE OF INVESTMENTS... 5 INVESTMENT IN SMALL SCALE INDUSTRIAL
More informationHow to Service NRI Investor
AKHILESH GURURANI How to Service NRI Investor HABSG Consulting, Dehradun This book is distributed free to the participants of the NRI workshop conducted by Akhilesh Gururani. This workshop is part of series
More informationBRANCH. FOR NRI /PIO Account (When you meet the Bank Official in the Branch of KVB) In case you are a NRI (Non Resident Indian)
TECHNOLOGICAL SERVICES AT AFFORDABLE PRICE FOR NON RESIDENT INDIVIDUAL (CASA AND TERM DEPOSITS) FOR NRI /PIO Account (When you meet the Bank Official in the Branch of KVB) In case you are a NRI (Non Resident
More information3.Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund?
1.What is KYC? 2.What are the KYC requirements for a Mutual Fund Investor? 3.Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund? 4.What
More informationBOMBAY CHARTERED ACCOUNTANTS SOCIETY FEMA STUDY CIRCLE
BOMBAY CHARTERED ACCOUNTANTS SOCIETY FEMA STUDY CIRCLE PRESENTATION ON INVESTMENT IN IMMOVABLE PROPERTY IN INDIA & OUTSIDE INDIA ON 13 TH APRIL, 2004 1 GENERAL The term immovable property not defined.
More informationE T E R N I T Y : L AW A P P R I S E
E T E R N I T Y : L AW A P P R I S E * P r i v a t e C i r c u l a t i o n O n l y RBI: Foreign Exchange Management (Remittance of Assets) Regulations RBI: Foreign Exchange Management (Deposit) Regulations
More informationNRI Table of Contents Contents Page
NRI CORNER Table of Contents Tap on specific section to read or simply scroll down Contents Page 1.0 Legal Information 01 2.0 Loan for NRIs 02 2.1 Home Loans 02 2.2 Eligibility 04 2.3 RBI Directive Loans
More informationRequest for converting Resident Indian Savings Bank (SB) account into NRO SB account
FOR BRANCH USE: Branch Name/ Code: Receipt Date: / / Action Taken on: / / Signature Request for converting Resident Indian Savings Bank (SB) account into NRO SB account NRI-1.3 Account No: Account Holder
More informationINVESTMENT APPLICATION FORM FOR INDIVIDUALS ONLY. Time Stamp. For Office Use Only. ACKNOWLEDGEMENT SLIP (To be filled in by the Applicant)
INVESTMENT APPLICATION FORM FOR INDIVIDUALS ONLY Time Stamp Please refer to the general instructions for assistance and complete all sections in English. For legibility, please use BLOCK LETTERS in black
More informationForeign Direct Investment in Limited Liability Partnerships in India
Foreign Direct Investment in Limited Liability Partnerships in India April 21, 2014 The Reserve Bank of India ( RBI ) has issued a notification dated March 13, 2014, amending the Foreign Exchange Management
More informationRURAL ELECTRIFICATION CORPORATION LIMITED Tax Free Bonds
RURAL ELECTRIFICATION CORPORATION LIMITED Tax Free Bonds Options Tranche 1 Series 1 Tranche 1 Series 2 Tranche 1 Series 3 Issue Opens Friday, August 30, 2013 Issue Closes Monday, September 23, 2013* Issuer
More informationRELIANCE MEDIAWORKS LIMITED. Reliance Land Private Limited. Reliance Capital Limited
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This exit offer letter ( Exit Offer Letter ) is being sent to you as a Public Shareholder of Reliance Mediaworks Limited ( Company ). In
More informationSECTION 9. Notification No. F.E.R.A.6/74-RB dated 1st January 1974
SECTION 9 Notification No. F.E.R.A.6/74-RB dated 1st January 1974 Making Payments in Rupees on Behalf of Non-residents G.S.R.88 In pursuance of clause (d) of sub-section (1) of Section 9 of the Foreign
More informationSERVICE CHARGES FOR NRI ACCOUNTS
SERVICE CHARGES FOR NRI ACCOUNTS As on 01 st April, 2018 Please Note: These charges are subject to change, without prior notice. Good and Service Tax will be levied over and above the charge specified,
More informationCommon Application Form
Common Application Form App. No. Time Stamp Please refer to the general instructions for assistance and complete all sections in English. For legibility, please use BLOCK LETTERS in black or dark ink.
More informationFORM 1 - FOR LUMPSUM / SIP INVESTMENTS
FM - F LUMPSUM / SIP INVESTMENTS Distributor ARN Sub-Distributor ARN ARN 20669 ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's
More informationDos & Don ts under FEMA for NRIs
Seminar on Tax Planning for NRI Organized by The Western India Regional Council of The Institute of Chartered Accountants of India Dos & Don ts under FEMA for NRIs Natwar G. Thakrar Saturday, 27 th December,
More informationDeposit and Remittances Foreign Exchange Management Act, 1999
Deposit and Remittances Foreign Exchange Management Act, 1999 Ghaziabad Branch CIRC Institute of Chartered Accountants of India 03 rd June 2016 Presentation by: CA. Sudha G. Bhushan Associate Director
More informationAPPLICATION FORM FOR SOVEREIGN GOLD BOND Series II- (Sept 16) INDIA INFOLINE LTD. Applicant(s) Detail (IN BLOCK LETTERS)
For Office use : YES Green ID: APPLICATION FORM FOR SOVEREIGN GOLD BOND 2016-17 Series II- (Sept 16) INDIA INFOLINE LTD Acknowledgement No. Page 1 of 7 4 digit Branch Code D D M M Y Y Running Sr No Broker
More informationHDFC BANK LTD. ACCOUNT OPENING BOOKLET SAVING BANK ACCOUNT KIT (NRE)
HDFC BANK LTD. ACCOUNT OPENING BOOKLET SAVING BANK ACCOUNT KIT (NRE) NRE CHECK LIST HDFC Bank SB A/c - NRE Application Form For Third Party Funds Transfer through Net Banking Application Form For Third
More informationCustomer KYC Form - Individual
KYC-IND-VER-2 Branch Br. Code Experience Next Generation Banking Regd.Office, SIB House, T.B. Road Mission Quarters, Thrissur, 680 001, Kerala Account No. Customer KYC Form - Individual Personal Details
More informationFranklin Templeton Investments - Common Application Form
Franklin Templeton Investments - Common Application Form Sl. No. Distributor information For Office Use Only Agent /Broker Code* Sub-Broker Code* : Application received TimesofMoney / ARN-2115 Branch :
More informationCITIZENS CHARTER (For Forex Transactions)
CITIZENS CHARTER (For Forex Transactions) PREFACE A Citizens Charter reflects the commitment of an organization towards standards, quality, transparency and accountability of services delivered and act
More informationNew Update (Mandatory for KYC update request) Normal Simplified (for low risk customers) Small. Unmarried
CENTRAL KYC REGISTRY Know Your Customer (KYC) Application Form Individual Important Instructions: A) Fields marked with * are mandatory fields. B) Please fill the form in English and in BLOCK letters.
More informationII. AUDIT & COMPLIANCE
II. AUDIT & COMPLIANCE 1. What are the documents which a DP should submit to CDSL periodically? Following documents should be submitted by a DP to CDSL within the prescribed time limit: Sr. No. Particulars
More informationNRI Investments in India & Overseas Investments by Indians
NRI Investments in India & Overseas Investments by Indians -Anup P. Shah 25th December, 2011 JB Nagar CPESC of WIRC PROI & NRI PRAVIN P. SHAH & CO. 2 Person Resident Outside India PRII S.2 Any person who
More informationShah & Modi CHARTERED ACCOUNTANTS
INTRODUCTION TO FEMA May, 2011 Preamble to FEMA Post liberalization (i.e. New Industrial policy of 1991) there was need to remove shackles of regulatory and legal provisions Need to consolidate and amend
More informationNRI ACCOUNT OPENING & RELATIONSHIP FORM
1235698745621 NRI ACCOUNT OPENING & RELATIONSHIP FORM 1 2 5 6 8 4 9 7 3 5 1 2 4 6 8 NRI Type of Account NRE NRO FCNR(B) Type : SB CA FD (Enclose seperate FD form in case of new customer/s) For NRE Account
More informationinfo Persons of Indian Origin An opportunity for foreigners to buy? Preparation is everything International Tax, Audit, Accounting and Legal News
info International Tax, Audit, Accounting and Legal News ECOVIS info March 2013 Issue II Volume 2 Persons of Indian Origin An opportunity for foreigners to buy? Preparation is everything Page 1 Persons
More informationARN-2115 / TimesofMoney
Principal Trustee : State Bank of India, Investment Manager : SBI Funds Management Pvt. Ltd. 191, Maker Towers E, Cuffe Parade, Mumbai - 400 005. APPLICATION NO. Tel.: 022-22180221-27, www.sbimf.com &
More informationBACKGROUND MATERIAL In Frequently Asked Questions (Q&A) Format updated as on
BACKGROUND MATERIAL In Frequently Asked Questions (Q&A) Format updated as on 15.04.2014 On FEMA covering INVESTMENT OPPORTUNITIES, BANKING/ DEPOSITS ACCOUNTS, REAL ESTATE / IMMOVABLE PROPERTY, NON-REPATRIATION
More informationReserve Bank of India Foreign Exchange Department Central Office Mumbai Notification No. FEMA. 298/2014-RB March 13, 2014
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 298/2014-RB March 13, 2014 Foreign Exchange Management (Transfer or Issue of Security by a Person
More informationSCHEDULE 1 [See Regulation 5(1) (i)]
SCHEDULE 1 [See Regulation 5(1) (i)] Non-Resident (External) Rupee Account Scheme NRE Account 1. Eligibility: Non-resident Indians (NRIs) and Person of Indian Origin (PIOs) are permitted to open and maintain
More informationII. AUDIT & COMPLIANCE
II. AUDIT & COMPLIANCE 1. What are the documents which a DP should submit to CDSL periodically? Following documents should be submitted by a DP to CDSL within the prescribed time limit: Sr. No. Particulars
More informationTHE FORE I GN E XCHAN GE MAN AGE ME N T (RE MI T TAN CE OF AS S E T S) REGU L ATI ON S, 2000
THE FORE I GN E XCHAN GE MAN AGE ME N T (RE MI T TAN CE OF AS S E T S) REGU L ATI ON S, 2000 Notification No. FEMA 13/2000-RB, dated 3rd May, 2000 as amended by FEMA Notification No. FEMA. 62/2002/RB dated
More informationPolicy on Bank Deposits
Policy on Bank Deposits - 2017 1. Preamble One of the important functions of the Bank is to accept deposits from the public for the purpose of lending. In fact, depositors are the major stakeholders of
More informationNow open a NRI banking account with 5 simple steps:
Thank you for your interest in opening a Non Resident India Account with Standard Chartered Bank, India. To allow us to open your account in a smooth manner, you are requested to please follow the information
More informationGenesis NMF II Platform
Content 1. Genesis NMF II Platform 2. About NMF II 3. Eligibility Criteria 4. NMF II Platform Features 5. Value Proposition 6. Mobile Application 7. Upcoming Developments on Platform 8. Details on NRI
More informationRequest for addition / deletion of joint account holder in NRE/NRO account (If joint holder is of NRI / PIO / OCI status)
FOR BRANCH USE: Branch Code: Receipt Date: / / Action Taken on: / / Signature Request for addition / deletion of joint account holder in NRE/NRO account (If joint holder is of NRI / PIO / OCI status) I
More informationVOL NO. 6 - DECEMBER 2018
INVESTMENT OPPORTUNITIES IN INDIA FOR NRI'S CA Jini Jain ABBREVIATIONS INTRODUCTION India, with its fast developing economy and huge potential for growth, is a great nation that provides host of opportunities
More informationReserve Bank of India Foreign Exchange Department Central Office Mumbai Notification No.FEMA.361/2016-RB February 15, 2016
Reserve Bank of India Foreign Exchange Department Central Office Mumbai 400 001 Notification No.FEMA.361/2016-RB February 15, 2016 Foreign Exchange Management (Transfer or Issue of Security by a Person
More informationIDBI Capital Markets & Securities Ltd. SEBI Regn. No. NSE - CASH, F&O & CD INZ BSE - CASH & F&O INZ AMFI Registration No.
IDBI Capital Markets & Securities Ltd. SEBI Regn. No. NSE - CASH, F&O & CD INZ000007237 BSE - CASH & F&O INZ000007237 AMFI Registration No. ARN - 0893 3rd Floor, Mafatlal Centre, Nariman Point, Mumbai
More informationSOBHA Limited. Application Date : SOBHA Privilege Number
SOBHA Privilege Number Application Date Project RERA Acknowledgement / Registration No. Unit Number and Type Carpet Area (in Sft & Sqmt) Super Built Area (SBA in Sft & Sqmt) SBA Rate per Sft (in Rs.) PERSONAL
More informationœïš ˆÅ Ä Head Office í¾ Hyderabad
Issue No.58 October, 2014 šï ÿˆå ANDHRA BANK (ž ˆÅ ˆÅ œ ÇÅŸ (A Govt. of India Undertaking) œïš ˆÅ Ä Head Office í¾ Hyderabad AB Connect N R I A news bulletin from Andhra Bank INDEX 1. Interest Rates 2.
More informationPolicy Surrender Form PLEASE FILL THE FORM IN BLOCK LETTERS. Name of the Policyholder:
Please call 18002660282 to get the ticket no. Policy Surrender Form PLEASE FILL THE FORM IN BLOCK LETTERS Name of the Policyholder Policy No. Alternate Mobile No. Email I accept to receive all future communication
More information1 a subsidiary of. Overview. Our Services. Equities & Derivatives. 75 years of excellence
Overview Mr. R. C. Paterson established Paterson & Company in 1935, continuing the activities of the first stock broking firm in South India, Huson, Tod & Co. (estd. 1892). Today, Paterson Securities Pvt.
More informationPlease refer instructions before filling the form. Key Partner/Agent Information. Distributor / Broker ARN ARN-0018 ARN -
Application Form for Lumpsum/SIP/Folio Creation Please refer instructions before filling the form I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is
More informationOverview of Foreign Exchange Management Act and Regulations
Overview of Foreign Exchange Management Act and Regulations The Beginners Study Course on Foreign Exchange Management Act WIRC May 09, 2013 CA Manoj Shah Transition from Foreign Exchange Regulation Act,
More informationRoyale Credit Card Application Form (For NRI Applicants only)
Royale Credit Card Application Form (For NRI Applicants only) Kotak Mahindra Bank Ltd. NR FORM NUMBER ABOUT ME Kotak NRI Royale Signature Credit Cardholders will only receive E-statements ADD-ON CARD DETAILS
More informationBusiness Proposal SKUNG GROUP
Business Proposal SKUNG GROUP This Proposal is a brief write up of our Areas of expertise, Working model, Revenue sharing model, Trading platform, Marketing support, compliances etc. Dear Sir/Madam, We
More informationName: CHECKLIST FOR INDIVIDUAL CLIENTS (MANDATORY)
Name: CHECKLIST FOR INDIVIDUAL CLIENTS (MANDATORY) 1) Photograph duly signed across 2) Landline Telephone No. (with STD Code),Mobile No And Email Id req. 3) Please tick occupation any one and give brief
More informationDEPOSIT POLICY FOR ABU DHABI COMMERCIAL BANK (INDIA)
DEPOSIT POLICY FOR ABU DHABI COMMERCIAL BANK (INDIA) FEBRUARY 2018 Page 1 of 11 ABU DHABI COMMERCIAL BANK PJSC (INDIA) Table of Contents Page No. Overview 3 1. Types of Deposit Accounts 3 2. Account Opening
More informationII. AUDIT & COMPLIANCE
II. AUDIT & COMPLIANCE 1. What are the documents which a DP should submit to CDSL periodically? Following documents should be submitted by a DP to CDSL within the prescribed time limit: Sr. No. Particulars
More informationFAQs Electoral Bond Scheme
FAQs Electoral Bond Scheme - 2018 State Bank of India Corporate Centre, Mumbai 1 FAQs for Electoral Bond Scheme - 2018 The FAQs for Electoral Bonds is divided into two Sections which will cover the following
More informationRBI/ /20 Master Circular No. / 02 / July 1, 2006
RBI/2006-07/20 Master Circular No. / 02 /2006-07 July 1, 2006 To, All Banks Authorised to Deal in Foreign Exchange Madam/Sir, Master Circular on Foreign Investments in India Foreign investments in India
More informationApril Vol. 2 - Issue 1
April 2019 Vol. 2 - Issue 1 FROM GENERAL MANAGER'S DESK POWER OF THREE AMBLUM Dear Customer, We are happy to inform you that Vijaya Bank and Dena Bank has amalgamated with Bank of Baroda w.e.f 01.04.2019
More informationNew Update (Mandatory for KYC update request) Normal Simplified (for low risk customers) Small. Unmarried
CENTRAL KYC REGISTRY Know Your Customer (KYC) Application Form Individual Important Instructions: A) Fields marked with * are mandatory fields. B) Please fill the form in English and in BLOCK letters.
More informationHOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED Public Issue of Tax Free Bonds - FAQs
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED Public Issue of Tax Free Bonds - FAQs 1) Brief about HUDCO? HUDCO is a techno-financial institution engaged in the financing and promotion of housing and
More informationDo s and Don ts for NRIs under FEMA (other than FDI and ODI)
Do s and Don ts for NRIs under FEMA (other than FDI and ODI) Harshal Bhuta M.Com., F.C.A., A.D.I.T., LL.M. (Hons.) in Intl. Tax Law [Wirtschaftsuniversität Wien] 22/07/2017 ICAI WIRC 1 Important definitions
More informationDOING BUSINESS & WORKING IN INDIA
DOING BUSINESS & WORKING IN INDIA CHENNAI BANGALORE COIMBATORE HYDERABAD INTELLECTUAL PROPERTY CORPORATE LEGAL 2 CONTENTS 1. Introduction... 5 2. Available Structures For Testing the Waters... 7 3. Business
More informationAddress Type: Residential or Business Residential Business Registered Office Unspecified
FOR BRANCH USE: Branch Name/ Code: Receipt Date: / / Action Taken on: / / Signature Re-KYC diligence & operationalizing In-operative NRI account (In case of joint account, each joint account holder has
More informationFor more information, please contact the FLP India office directly at
For more information, please contact the FLP India office directly at flp@vsnl.com Declaration to be given by NRI Distributor s in relation to the Bonus Payment To be typed on Rs. 100/- STAMP paper available
More informationARN Name Sub-Broker Code M O Code UTI CR / CA Code Bank Branch Bank Sr. No. RM No.
COMMON APPLICATION FORM FOR OPEN-END EQUITY AND BALANCED SCHEMES PLEASE USE SEPARATE FORM FOR EACH SCHEME (PLEASE READ INSTRUCTIONS CAREFULLY TO HELP US SERVE YOU BETTER) Sr.No. 2008/ Registrar Sr. No
More informationIssue or Transfer of Shares under Exchange Control Regulation
Issue or Transfer of Shares under Exchange Control Regulation - Varatharaj Kumar April 21, 2017 Content Overview Issue of Shares / Compulsory Convertible Preference Shares / Compulsory Convertible Debentures/
More informationBANK DEPOSITS & DEPOSIT MANAGEMENT
BANK DEPOSITS & DEPOSIT MANAGEMENT Samir K Mahajan Bank Deposits Banks accepts deposits from the public. Banks deposits are classified by type of customers, the tenure and its cost to the bank. Based on
More informationProcedural Requirements for Indian Startups to raise funds from Foreign Investors
04 March 2017 ----------------------------------------------------------------- India Crowd-funding Procedural Requirements for Indian Startups to raise funds from Foreign Investors PREFACE India currently
More informationRBI/ /205 DCM (Plg) No.2170 / / December 31, 2016
RBI/2016-17/205 DCM (Plg) 2170 /10.27.00/2016-17 December 31, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks
More informationFrequently Asked Questions (Portfolio Management Services)
Frequently Asked Questions (Portfolio Management Services) Introduction to Samvitti Portfolio Management Services (PMS): 1. What is Samvitti s PMS all about? Samvitti Portfolio Management Services (PMS)
More information