BUYING AND SELLING OF SHARES

This scheme is designed for the NRIs to facilities buying / selling of equity shares in the Indian Market. The features of the scheme are as detailed below.

CLIENT REGISTRATION

As per SEBI guidelines, it is compulsory that every investor engaged in trading/investment in sales must be registered with SEBI through Broker. The necessary forms are awailable in our office which can be sent to you as per your request at your postal address.You may fill up and send it back to us duly signed along with the required documents. We shall register you as CLIENT and allocate to you a "UNIQUE CLIENT ID" Once you are registered, you can start trading with us.

PURCHASE ORDER

1. Place purchase order by e-mail/fax/letter.
2. Specify the quantity of shares to be purchased.
3. Specify a market limit or a realistic limit to carry out your purchase orders immediately
4. Remit a DD/cheque for 100% amount in advance in favour of " Kishor A. Shah".
5. You will receive contract note from us once transaction is done
6. Demat Account detail like DP Name and Client ID etc., for transfer of shares purchased from market on your name.

Purchase On Repatriation Basis / Non-Repatriation Basis.

To purchase shares by using NRE funds the NRI is required to obtain the Reserve Bank of India's permission on repartiation/non-repartiation benifit . The permission can be obtained by making application in the RBI form through Bank.Only bankers are authorised to organise such permission. Hence this can be routed only through the bankers.On obtaining the RBI Permission send us the photocopy of RBI permission for our referencefuture requirement for reporting the sale proceeds.The RBI approval is valid for a period of five years form the date of issue. When you have NRE Bank account in Mumbai, Mideast can assist you to obtain such permission. Also we can assit you to open a fresh a/c in any designated Bank in Mumbai for obtaining the such permission. If the purchase is done by utilising NRO funds, then also RBI permission is required to obtain through your Banker.

SALE ORDER

1. Place the sale order with us by e-mail/fax/letter.
2. Specify the quantity of the shares to be sold.
3. Give us the market limit or specify a realistic limit to carry out your saleorders immediately .
4. Along with your order you are required to send us the delivery instructions challan duly signed by all the holders, in advance in case of not under Power Of Attorney.

Sales on Repatriation Basis/Non-Repartition Basis.

Remittance of income from sale to be credited to NRE /NRO account requires specific approval from RBI. Only bankers are authorised by RBI to issue such permission. Hence this can be routed only through bankers. The NRIs should submit the application to their bankers in India in prescribed RPI/NRI form. This RBI approval is valid for a period of five years from the date of issue. On receipt of the Reserve Bank's permission please send us the photocopy of the same for us record & future requirement for reporting the sale proceeds. The payment towards the sale will be then deposited in the specified bank account after the deduction of Capital gain Tax @ 10 % in NRE/NRO for long term (shares sold after one year), and 30% in NRE/NRO for short term (shares sold within a year) tax at source on profit of sale amount. The loss if any, on any other scrip is not allowed to be offsetted against profit.

Deposit Of Sale Proceeds.

The payment can be deposited against the sale proceed can be made to you on the 4th working day from the date of execution. in your specified bank account. For deposit of sale amount you are required to furnish us your NRE/NRO account along with the bank details, alternatively it can be posted couriered to you at your desired postal address at your cost.

OUR CHARGES.

	Purchase Order Form
	Sell order Form
	Preliminary Registration Form
	Client Profile