img

Our team at GLC Wealth offers a convenient and hassle-free way of reclaimd old unclaimed investments of NRIs / Foreign citizens in the Indian Capital Markets, Indian Mutual Funds Schemes, and other securities. We guide our NRI clients at every step of the reclamation process including obtaining PAN cards, NRE / NRO bank accounts, Demat accounts etc. so that they have all adequate documents to comply with government requirements for claiming such unclaimed investments. We also provide expert advice on taxation and FEMA / RBI compliances to enable NRIs to repatriate their money with adherence to Indian laws.

Our expertise helps investors resolve issues related to the execution of documents for NRI in multiple jurisdictions considering the requirements of Indian Laws followed by the Companies, Registrars & Government authorities. We also assist our NRI clients with the opening of NRE & NRO Bank accounts & Demat accounts to offer a one-stop solution.

The biggest question that the NRIs face is whether they will have to come down to India to get their investments back and complete the documentation. They also face a lot of issues in following up with multiple parties involved leading to endless wait time before they get any solution. Here, GLC Wealth comes to its rescue and completes all the documentation in a compliant manner without the client having to come down to India. We do all the follow-up for them till the time they get back their investments in a streamlined manner.

Our NRI services includes:

  • IEPF Claims & refunds
  • Dematerialization of physical Lost shares
  • Opening NRE & NRO Bank accounts
  • Opening Demat accounts
  • Obtaining court orders including succession certificates / probate of will / letter of administration in case of deceased shareholders / investors
  • Advisory related to taxation and repatriation of funds

Some key documents required for NRIs in case of IEPF Claims:

1. In case investor / claimant is a foreign passport holder
a. PAN Card
b. Foreign passport
c. OCI Card / PIO Card
d. NRE / NRO Bank account
e. NRE / NRO Demat account

2. In case the investor/claimant is an Indian passport holder
a. PAN Card
b. Indian Passport
c. NRE / NRO Bank account
d. NRE / NRO Demat account

Difference between NRE & NRO accounts?

 

Functions                 NRE                 NRO
Full Form Non-Resident External Account Non-Resident Ordinary Account
Definition It is a type of account held by a NRI in which NRIs can transfer their foreign earnings to India. It is a type of account held by an NRI to manage their earnings earned in India.
Tax Clause The interest earned on the amount parked in this account is tax free. The interest earned on the amount parked in this account is taxable.
Repatriation The money in this account can be transferred feely i.e. the base amount as well as the interest earned can be wholly transferred free of any charges. The money from this account can be transferred only after the account holder has paid all the applied taxes with a limit of 1 million USD in a financial cycle after taking relevant approvals.
How to Choose? You should opt for an NRE account if you wish to transfer money from your resident country to India. You should opt for an NRO account if you aim to store your earnings from India in INR itself. An example of such earning would be rent, shares, money from selling an asset etc.
Deposit and Withdrawal Currency Money can be deposited in foreign currency and withdrawn in INR. Money can be deposited in foreign as well as Indian currency but can be withdrawn only in INR.
Exchange Rate Can be affected by fluctuations in currency. No effect of currency fluctuations.

CALL US FOR FREE CONSULTATION

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
Client Reviews
IEPF Claim