|
|
| Discuss Demat, Pan Card, Nri, Sebi, Brokers at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I understand that if for some reason an NRI is not able to provide PAN ... |
|
|||||||
| Notices |
| Brokers & Demat Matters Talk about brokers, share transfers, demat matters and depository participant service providers. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
16th August 2006, 11:10 AM
|
|||
|
|||
Demat, Pan Card, Nri, Sebi, Brokers
I understand that if for some reason an NRI is not able to provide PAN Card by Sept. 30, 2006 for existing DEMAT accounts, these accounts will be frozen. Can someone address this scenario, which raises following questions?
(1) Does frozen means confiscation of assets in DEMAT account? (2) Does this mean that whenever the PAN card is produced, the accounts can be operated normally i.e. un-frozen and restored to its previous status? (3) Will there be any penalties for being late and how much? (4) Can one simply liquidate the account after it is frozen? i.e. sell all the shares and take the proceeds in local account where the dividends are deposited. I will appreciate your answers to these questions. Thanks Sam 
|
|
#3
2nd September 2006, 11:55 AM
|
|||
|
|||
|
Re: Demat, Pan Card, Nri, Sebi, Brokers
Quote:
3. As of now there are no talks of penalties, you can expect them only after deadline is passed. 4. Ideally, it should be possible but it's advisable to do so before the deadline as another view might be that even liquidation by sell won't be possible after the specified date. Best Regards, --Ashish
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Demat, Pan Card, Nri, Sebi, Brokers
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Is it possible to transfer shares from one demat to another demat | shanmg | Brokers & Demat Matters | 5 | 8th January 2008 07:23 PM |
| NRI in USA need help with PAN Card | janadkat | Taxation Matters | 8 | 16th September 2006 03:26 AM |
| Opening DEMAT rite time with sebi&brokers in court???? | satej | Brokers & Demat Matters | 2 | 12th May 2006 04:06 PM |
| Credit Card | VICKY_SEEKINGINR | General Chit Chat | 15 | 23rd December 2005 02:27 PM |
| Re : PAN Card | harmads | Taxation Matters | 7 | 10th October 2005 03:29 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
