For Demat of Shares of private limited (which is not traded on stock exchange) please advise we need PIS or NonPIS Account?
SBNRI Team
answered on 10/01/2023
Investment in the unlisted private limited companies in India by an NRI comes under Foreign Direct Investment (FDI). Therefore, there’s no need for a PIS Account as it is required for investments in the secondary market. You can use your NRE or NRO Account for such investments.
NRIs can invest in unlisted companies either by becoming a promoter director of a new venture in India or by buying stake in a private limited company or even through placements in public limited companies that are not yet listed.
Open NRI Demat Account
Non-resident Indian (NRI) investments into private limited companies are governed by the Foreign Exchange Management Act (FEMA) Rules 1999.
Like any resident Indian floating a private company, NRIs also have to acquire DIN or DSC, get approval for name reservation, get approvals for MOA and AOA, and get an incorporation certificate, obtain PAN, TAN, and GST registrations.
To get expert advisory on investments using PIS Accounts at SBNRI, contact us using the button below.
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I am working in Mauritius! But my family is in India !! Is my wife eligible to open a ppf account !!
SBNRI Team
answered on 11/09/2020
Yes, if your wife is staying in India and she is a Resident Indian, she can definitely open a PPF account. You can too choose from a variety of investment options in India being an NRI. To get expert advisory at SBNRI, contact us using the button below.
