Overseas trading terminals enable permitted foreign investors to place live orders subject to Indian exchange and regulatory permissions. Registered stock brokers may open overseas trading terminals for eligible foreign investors only after exchange permission and subject to RBI and foreign regulator requirements. Orders entered abroad are executed on the Indian exchange's system; trades must follow exchange margins, capital adequacy and maximum brokerage rules, use screen based matching only, and settle in India in dematerialized form through registered custodians or designated banks. Exchanges must ensure monitoring, surveillance and investor grievance redressal via arbitration, and require contracts to be subject to the exchange's rules and Indian jurisdiction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Overseas trading terminals enable permitted foreign investors to place live orders subject to Indian exchange and regulatory permissions.
Registered stock brokers may open overseas trading terminals for eligible foreign investors only after exchange permission and subject to RBI and foreign regulator requirements. Orders entered abroad are executed on the Indian exchange's system; trades must follow exchange margins, capital adequacy and maximum brokerage rules, use screen based matching only, and settle in India in dematerialized form through registered custodians or designated banks. Exchanges must ensure monitoring, surveillance and investor grievance redressal via arbitration, and require contracts to be subject to the exchange's rules and Indian jurisdiction.
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