NRI Note Who can invest in India equity markets? Any person residing out of India & holding a Person of India origin (PIO) or Non residence Indian (NRI) can invest in Indian Equity market. Current Reserve Bank of India (RBI) has banned Oversea Corporate Bodies (OCB) from investing afresh in Indian market. However if they are holding old investments they can continue to do so or they can sell on Indian Bourse. Who is a NRI and PIO? As per the Indian immigration law a person residing out of India & holding a Indian or foreign passport is calla NRI The Govt. of Indian has introduced this new identity & recongizes it as Person of India origin (PIO) where the a person whose forefather where India citizen & then now settled in foreign countries year ego. There children are now is treated as PIO. How do I open a investment Account with LKP Shares? The Client needs to fill in a Know You Client form (KYC) as prescribe by securities Exchange board of India (SEBI). This prospect need to provide the basis information like Name Address, Telephone Email address, in the form. He need to submitted the following documents. Affix A Photograph on the KYC with signature across it. Permanent account no from Income tax dept of India called Pan card. Photocopy of passport Proof of foreign residence. This could be something like driving lic, photocopy of Social security card. Proof of Demat account, 9 alternately you can also open demat account with LKP as we are member of the Bombay Stock Exchange (BSE) promoted central depository services limited (CDSL). Bank account details like bank name, No address, but never the balance. What about the taxation ? The NRI prospect could have to have his own Charted Accountant (CA) or one of his family members in India to file his return etc on his behalf. LKP Shares being a broking house cannot interfere in this matter. However LKP will provide all reports require by the prospect to file his return. Reports like ledger report, inventory report holding statements, transaction history, Service tax report (STT paid by you to LKP which in turn LKP pays to the Govt. and client gets the due credit) will be available to the client at a click of mouse anytime 24x7x365 in LKP product called LKP BOSS. This product is free to LKP client. For the taxation your saving bank will be able to help you with it PINS products.