Who is not eligible to invest?

Who is not eligible to invest?

The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected:
(a)Minors without a guardian *;
(b)Foreign nationals, Non‐Resident Indians (NRI) inter‐alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;
(c)Persons resident outside;
(d)Foreign Institutional Investors;
(e)Foreign Portfolio Investors;
(f)Qualified Foreign Investors;
(g)Overseas Corporate Bodies; and
(h)Persons ineligible to contract under applicable statutory/regulatory requirements.
*Applicant shall ensure that guardian is competent to contract under Indian Contract Act, 1872

    • Related Articles

    • What does 'Eligible Holdings' mean?

      Eligible Holdings includes the stocks that you have pledged for additional margin and also T+1 stocks that are yet to reach your demat account.

    • Who is eligible for bonus shares?

      Shareholders who own shares of the company prior to the record date set by the company are eligible for bonus shares.

    • Who can invest in NCD?

      Category I (Institutional Category) • Public Financial Institutions, Statutory Corporations, Commercial Banks, Co‐operative Banks and Regional Rural Banks which are authorized to invest in NCDs. • Provident Funds, Pension Funds, Superannuation Funds ...

    • From where client can invest in Smallcases?

      Login into IIFL markets App. Click on Hamburger menu option- Invest Smallcases. Client will get redirected to smallcases. Need to select the basket , Confirm investment amount and Confirm.

    • Is Demat account necessary to invest in these NCDs

      Having a Demat account to invest in NCDs is essential as most debentures are issued in dematerialised mode. Open a free Demat account with IIFL Securities in under five minutes and invest in various financial instruments from the app.