Answers: As a "Non-Indian", (meaning you are not an NRI or PIO) you cannot directly invest in Indian Stock Markets, through Indian stock brokers.
As a Non-Indian you can /must invest indirectly. There a few ways to do this.
ADR's- American Depository Receipts, on US Stock Exchanges
GDR's- Global Depository Receipts, on European Stock Exchanges
Mutual funds-
About ADR's and GDR's. It is worth note that these sometimes do not represent the true value of the Indian stock for which they are issued. Often, they are for fractional shares. This is other disclosed in the fine print, which, general public do not often read.
Non Resident Indians (often referred to as NRI's), and Persons of Indian Origin (often referred to as PIO's) can invest directly, subject to RBI (Reserve Bank of India) rules and regulations. As capably as SEBI (Securities and Exchange Board of India) rules and regulations. NRI's and PIO's need the following-
Bank Account
Brokerage Account
Depository Account
Reserve Bank Permission (With or lacking Repatriation). The difference between these two-
With Repatriation- You can convert and take the money/profits fund to your country of residence, in the currency of your resident country. Currently, according to Indian Law, it is crooked to take Indian currency out of India. So the money must be converted to another currency, first. You'll stipulation to fill out an OCB form (Overseas Corporate Bodies). Which will be valid for 5 years, once approved.
Without Repatriation- You imbue in the Reserve guard of India paperwork (currently just one form). And it will register the money within your Indian bank statement. Essentially keeping the money in India, and also paying your Indian Income Tax.You also want to get a PAN (Permanent Account Number) from the Income Tax Department.
I own included details for NRI's and PIO's even though you say you are "Non-Indian" for this reason-
I am not sure if by "Non-Indian" you indicate that you're ethnic origin is completely Non-Indian. Or if you simply have it in mind that you're ethnic origin is Indian, but that you be not born in India, and do not reside surrounded by India... Which would qualify you as a PIO.
One last detail near regard to NRI's and PIO's- They are barred to "day trade". That is, to buy and trade a stock on the same daylight.
How can i pursue investors to make a contribution me money to start up a boxing gym?
Yes, u can do online trading in indian stock flea market, even if u r not residing in India.
More details can be found here..
http://www.icicibank.com/pfsuser/iciciba...
Anybody know if Elite Numismatic Grading Service is a in good health know coin grade service?
yes you can and they are call ADR's. generally, they trade newly like other stocks.
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