For non resident Indians across the globe . . .

21. Non Repatriable Demat Account

Question: Dear sir, can a NRI give p.o. box address of foreign residence as permanent address for opening a non-repatriable demat account with dp registered with cdsl. hopeful of your kind help.  with regards. yours truly, garib nath sah Answer: To open an account with a DP you would have to submit a photocopy of your PAN card along with proof of your identity as well as proof of your address. Proof of address with a P.O. Box address! may be difficult. It may be straight forward to use your foreign address. Remember you also have to execute an agreement on a stamp paper defining the rights and obligations of you, as the investor and the DP.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Informing  educating and connecting Indians across the globe . . . by Virendar Chand
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For non resident Indians across the globe . . .

21. Non Repatriable Demat Account

Question: Dear sir, can a NRI give p.o. box address of foreign residence as permanent address for opening a non-repatriable demat account with dp registered with cdsl. hopeful of your kind help.  with regards. yours truly, garib nath sah Answer: To open an account with a DP you would have to submit a photocopy of your PAN card along with proof of your identity as well as proof of your address. Proof of address with a P.O. Box address! may be difficult. It may be straight forward to use your foreign address. Remember you also have to execute an agreement on a stamp paper defining the rights and obligations of you, as the investor and the DP.
N
RI Information
Informing  educating and connecting Indians across the globe by Virendar Chand
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
NriInformation Questions &Answers 
Read Disclaimer at bottom of page