Can oci card holder be considered as citizen of india ?
(Querist) 04 November 2021
This query is : Resolved
Below is the link which says that for registration as an "Authorized Person" of a Broker , person should be a citizen of India. https://www.nseindia.com/trade/authorised-for-membership#:~:text=NSE%2FMEMB%2F13429%20dated%20November,agent%20of%20the%20Stock%20Broker'.
May I know whether an US citizen having OCI Card can apply as an Authorized Person ?
What are the alternatvies if he/ she wants to become Authorized Person ?
(Expert) 05 November 2021
What are the facts? What is the context?
(Expert) 06 November 2021
An OCI is not a citizen of India, but the Indian Government has given the cardholder permission to reside and work within the boundaries of India. I think this may useful to you.
(Querist) 08 November 2021
As per above link, only Citizen of India can become Authorized person (Sub Broker) of a Main Broker.
Now if OCI is permitted to work within boundaries of India can he be permitted to act as an Authorized Person (Sub Broker) in Share Market ?