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Portfolio Investment Scheme (PIS)

Non-Resident Indians (NRIs) who want to invest in Indian stocks and bonds can do so through the Reserve Bank of India’s (RBI’s) Portfolio Investment Scheme (PIS). So What is PIS Account? According to Schedule 3 of the Foreign Exchange Management Act 2000, NRIs can purchase and sell shares as well as convertible debentures of companies registered in India via a recognised stock exchange, by routing these transactions through their account with a designated bank branch. The PIS portfolio investment scheme has been devised by the RBI to enable NRI’s to do so. Now, let’s look at some of the details of the PIS Account. To carry out the purchase and sale of shares through a recognised stock exchange, you will have to set up an account with the designated bank that has a global presence. The investments can be made either through a repatriation basis or a non-repatriation basis. For portfolio investment through the repatriation channel, you require a NRE (Non-Resident External) Rupee
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How to get registered as an Investment Adviser

How to get registered as an Investment Adviser 1. The Applicant for grant of registration as an Investment Adviser under SEBI (Investment Advisers) Regulations, 2013 should make an application to SEBI in Form A as provided in the Regulations along with all the necessary supporting documents. 2. Generally on receipt of Application, the applicant will receive a reply from SEBI within one month. However, the time taken for registration depends on how the applicant fulfills all the registration requirements and provides the complete information in all respects. 3. The applicant is advised to go through the SEBI (Investment Advisers) Regulations, 2013 for checking the eligibility criteria and such other details which may help expedite the registration process. 4. The applicant must mention the following in the covering letter: a. Whether the applicant is providing investment advisory services prior to these Regulations. If yes, provide details. b. Details of the investment advice provided p
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How to get registered as an Investment Adviser

How to get registered as an Investment Adviser 1. The Applicant for grant of registration as an Investment Adviser under SEBI (Investment Advisers) Regulations, 2013 should make an application to SEBI in Form A as provided in the Regulations along with all the necessary supporting documents. 2. Generally on receipt of Application, the applicant will receive a reply from SEBI within one month. However, the time taken for registration depends on how the applicant fulfills all the registration requirements and provides the complete information in all respects. 3. The applicant is advised to go through the SEBI (Investment Advisers) Regulations, 2013 for checking the eligibility criteria and such other details which may help expedite the registration process. 4. The applicant must mention the following in the covering letter: a. Whether the applicant is providing investment advisory services prior to these Regulations. If yes, provide details. b. Details of the investment advice provided p
Read more

Portfolio Investment Scheme (PIS)

Non-Resident Indians (NRIs) who want to invest in Indian stocks and bonds can do so through the Reserve Bank of India’s (RBI’s) Portfolio Investment Scheme (PIS). So What is PIS Account? According to Schedule 3 of the Foreign Exchange Management Act 2000, NRIs can purchase and sell shares as well as convertible debentures of companies registered in India via a recognised stock exchange, by routing these transactions through their account with a designated bank branch. The PIS portfolio investment scheme has been devised by the RBI to enable NRI’s to do so. Now, let’s look at some of the details of the PIS Account. To carry out the purchase and sale of shares through a recognised stock exchange, you will have to set up an account with the designated bank that has a global presence. The investments can be made either through a repatriation basis or a non-repatriation basis. For portfolio investment through the repatriation channel, you require a NRE (Non-Resident External) Rupee
Read more