Opening a Demat Account by a Foreign Company

[Abhinav]

Dear Friends,

 

One foreign company based outside India has invested some stocks in Indian listed companies and they are holding some shares as a promoter in some Indian companies. Now, they want to open the Demat Account in India. Can you guide for some depository in Delhi who can open the demat account with assisting all the formalities regarding the same alongwith the procedure.

 

Further, please enlighten whether PAN of all the directors based outside India will be required? And also whether the Power of Attorney will be feasible in lieu of Board Resolution?

 

Thanks in anticipation.

 

Best Regards,

 

CSabhinav kumar

 

["Dinesh Garg (+91) 9818572006"]

Karvy will help..done in the past through them
Dinesh

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[Abhinav]

Thanks Dinesh. Any contact number for this activity of Karvy.

 

Abhinav