Hello!
I kindly ask your help to clarify the situation. I wand to know whether foreign PRIVATE PERSONS can invest directly into Indian stock markets or not?
I am asking this because i see the following news story at Bloomberg: India to Allow Individual Foreign Investors to Buy Local Shares Directly http://www.bloomberg.com/news/2012-...as-individual-investors-to-buy-stocks-1-.html
And as well because i see the following press release by Finance ministry of India: Rationalization measures in the Qualified Foreign Investors (QFIs) Scheme(1 MB) PDF http://finmin.nic.in/press_room/2012/Rational_QFI_Scheme.pdf .
I am aware of the fact that in the past it was impossible to gain access by foreign individual investors, but what is the current situation?
I kindly ask your help to clarify the situation. I wand to know whether foreign PRIVATE PERSONS can invest directly into Indian stock markets or not?
I am asking this because i see the following news story at Bloomberg: India to Allow Individual Foreign Investors to Buy Local Shares Directly http://www.bloomberg.com/news/2012-...as-individual-investors-to-buy-stocks-1-.html
And as well because i see the following press release by Finance ministry of India: Rationalization measures in the Qualified Foreign Investors (QFIs) Scheme(1 MB) PDF http://finmin.nic.in/press_room/2012/Rational_QFI_Scheme.pdf .
I am aware of the fact that in the past it was impossible to gain access by foreign individual investors, but what is the current situation?