sarwa 29 March 2017

Investment in shares and mf - fema

Dear Experts,

I am a Nepali citizen and have been residing in India for last 8 years. I came to India for study and doing job now. (we don’t need any VISA or special permission as per Sagauli treaty to come to India.)

I have owned PAN, BANK ACCOUNT and AADHAR here and also I have Citizenship Certificate of Nepal.

I want to start investment in Mutual Funds (SIP) and Shares. But I have got few doubts.

Please help –

1. Am I resident or Non-resident as per FEMA ?

2.Am I eligible to invest in MF and Shares in India ?

3.Can I invest like any other Indian Resident ?

4.Do I need to comply with any FEMA requirement or any other law for such investment?

5.Do I qualify as a Qualified Foreign Investor (QFI) to invest ?

Please suggest. I am in urgent need of this.

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1 Replies

WARRIOR 4 RIGHT (Consultant) 13 August 2018

A detaile examination of your problem is necessary. I am of the view, 'M/s 5 Star Consultants' may be able to help you with proper guidance on different problems relating to the company shares. If desired, they can be contacted for solution to your problem through email at: whatsolution4me@gmail.com

Also, by chance, if holding physical shares, they are likely to become zero in the first week of December, 2018. Appropriate solution to the Physical Shares problem can also be sought from M/s 'M/s 5 Star Consultants'.