2. Non- Resident Indian [NRI] means a ‘person resident outside India’ who is a citizen of India by virtue of constitution of INDIA. ‘Person of Indian Origin’ (PIO) means a citizen of any country other than Bangladesh or Pakistan, if – A. he at any time held Indian passport; or – B. he or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955; or – C. the person is a spouse of an Indian citizen or a person referred to in sub-clause [A] or [B]. Who is an NRI/PIO?

3. NRI FACTS Indian Diaspora is largest in globalized world --- More than 20 million Persons of Indian Origin and some 6 million Non resident Indians are spread over 136 countries NRIs are heading home to enjoy the fruits of a booming economy --- RoI in India is way greater than RoI in developed countries NRIs remitted over $47 billion back home in 2007

4. What is the process for NRI to invest in Indian Capital Markets? Open a bank account with a designated bank branch, which is approved by RBI (Reserve Bank of India). Apply for a general approval for investment in Indian Stock Market through this designated bank branch(P.I.S. Account). Open a demat account with a depository participant to act as registered holder of securities. Open account with registered Broking Firm to execute transactions.

5. Passport copy. P.I.S. Permission letter. Foreign address proof. Local address proof. Pan card copy. NRE/NRO cheque. NRE/NRO statement. 3 Passport Size photograph. Completely Filled Application Form.

6. NRI Client Client opens a NRE / NRO bank account & flags it as PIS account Client submits KYC documentation along with the Bank PIS approval letter ZR client code generated

7.  In Person verification of the Client is a must when submitting his application in India  For clients filling KYC forms abroad, all documents need to be attested by the Indian embassy / consulate general present in the client’s country of residence  Only delivery based transactions allowed  Brokerage rate –– depend on Volume/Turnover  All other account opening charges as per KYC norms  Compulsory Demat a/c in SGSSL alongwith an active POA  PIS a/c with designated bank – ICICI, HDFC, & AXIS

8. Compulsory Open Demat & Trading a/c with SGSSL

11.  Pan card copy - NRI  Foreign address Proof  Local Address Proof  Bank proof (NRE or NRO Bank account)  PIS [Portfolio Investment Scheme] approval letter  Cheque towards a/c opening charges (margin not to be collected)  For proof of residence – passport copy  Photograph of the client(colour, passport size)  Copy of power of authority (POA) issued in favor of person who will act on behalf of NRI along with proof of identity of POA holder (if applicable)

13. Pan card copy - NRI Foreign address Proof Local Address Proof Bank proof (NRE or NRO Bank account) Cheque towards a/c opening charges Photograph of the client( colour, passport size) Copy of power of authority (POA) issued in favor of person who will act on behalf of NRI along with proof of identity of POA holder(if applicable) Local address for communication Must have separate client code for Repatriable a/c and Non Repatriable a/c.

14. NRE / NRO bank a/c in India Designate / Flag the bank a/c as PIS [The concerned bank will issue the RBI approval letter with the status] KYC forms need to be accepted for NRI / PIO clients only with the PIS approval letter. {Trading and Demat a/c cannot be opened for NRI’s without the PIS letter} ZR KYC tags NRI client codes with a pre – determined ZR series On successful completion of all the account opening formalities the client will be allocated a ZR series client code Compulsory Demat a/c with SGSSL with an active POA status

15. Only Cash market delivery based transactions allowed for NRI / PIO clients Intraday / Derivatives / Commodities Not allowed Compulsory Transfer of holdings to the Demat a/c on every purchase and selling allowed only from the Demat a/c Scrip Transactions need to be settled before they are allowed to be squared – off. No open / Pending settlement will be allowed to be squared off. E.g. if a client has bought on T – day he will be allowed to sell only on T+3 day after the holdings have been transferred to the Demat a/c No initial margin needs to be collected from the NRI client. Only account opening charges to be collected from the client

16. Different Contract notes will be generated for Different Trading Transactions for every trading session. E.g. All BUY transactions in a trading session will be clubbed in the same contract note and all sell transactions in the same trading session will be clubbed in another contract note Payments will be collected from & credited to the PIS bank account on a bill to bill basis Though there will be separate CN’s generated, Banking – RM ledgers will be settled as per the Net obligation on the client account For effective and speedy ops – client will have to authorize his bank account to make payments and receive payments for trades done through SGSSL

17. NRI service desk for Personalized assistance to NRI / PIO clients Dedicated Offline Equity Dealing desk Online Equity Trading Platforms Depository Services NRI Investment Advisory desk 24 x 7 Online Services Portfolio Investment Services IPO & Mutual Fund Advisory Services Online Mutual Funds Support for Banking – PIS accounts Pan Card assistance

18. As per RBI Guidelines, NRI investments in equity shares should not exceed 5% of the paid up equity capital of the company. NRI client should verify from RBI Website using the following link http://www.rbi.org.in/scripts/BS_FiiUser.aspx before buying of any equity shares / debentures. http://www.rbi.org.in/scripts/BS_FiiUser.aspx In case the purchase of shares / debentures in a company exceeds the prescribed limits the customer would be instructed to sell the said shares / debentures immediately on the same day or on the next working day in case the market is closed for the day.

19. NRI service desk - Tel. No. 0261 –2450773,2454647,2601297 Email address – sgssl_ac@rediffmail.com yacoobali_venture@hotmail.com