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Investment in Joint Names

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Shares/debentures purchased by NRIs/OCBs should be held and registered in the names of either the investor himself or an authorized dealer or the latter's nominee/s.
Shares/debentures can be purchased by NRIs in joint names with other NRIs with permission of Reserve Bank. In such cases, if the investment is with repatriation benefits, the first holder is to be treated as investor for the purpose of 5% ceiling. The
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Rich Insurance

Lodhi Colony, New Delhi
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Shares/debentures purchased by NRIs/OCBs should be held and registered in the names of either the investor himself or an authorized dealer or the latter's nominee/s.
Shares/debentures can be purchased by NRIs in joint names with other NRIs with permission of Reserve Bank. In such cases, if the investment is with repatriation benefits, the first holder is to be treated as investor for the purpose of 5% ceiling. The second or third holder will be eligible to invest separately in the same company in his own name as the first holder in joint holdings up to the limit of 5%. Reserve Bank will also permit investment jointly with residents. However, if the resident joint holder inherits the shares/debentures, he/she will not be entitled to repatriation benefits.
Sale / Transfer of Shares / Bonds / Debe
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Investment in Joint Names

About the Company

Year of Establishment2004
Legal Status of FirmPartnership Firm
Nature of BusinessService Provider
Number of EmployeesUpto 10 People
IndiaMART Member SinceSep 2010
Rich Insuranceis one of Premier financial services organisation, providing a complete range of financial management and solutions. Rich Insurance offers ‘need based’ Investment Advice to retail investors, High Networth Investors (HNI) & Institutional Investors. We offer investors advice on a range of investment schemes including Fixed Income, Equity and Mutual Fund products besides insurance.
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Seller Contact Details

Rajiv Batra

Shop_2, Palika Niwas
Lodhi Colony
New Delhi - 110003, India

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