Foreign companies securities are not dealt on India stock exchanges. Any security cannot be dealt with unless permitted by SEBI. So, we cannot deal in foreign security directly.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Yes i know that it is not possible to invest in foreign securities on Indian stock exchanges. But my question is whether we can invest in the same in foreign exchanges.
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Under the changed regime it is very much possible to invest in foreign securities.The RBI has allowed to remit up to $2,00,000 each financial year for current and capital account transactions which includes this form of investment.In fact ICICIDirect has launched this facility.
