gk (service) (156 Points)
26 May 2023Dear Experts,
Greetings.
Regarding the subject matter, whether any legal (or such) restriction exists restricting us to buy shares/stocks from primary or secondary markets using the amount received from gold loan provided by banks/NBFC or ay other financial companies. Whether we need to make any other protocols/formalities on IT point of view to proceed with such stocks investents. Plesse advise. 🙏🏻 Regards GK
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180260 Points)
Replied 26 May 2023
For investment purpose, no restrictions.
If it's your business, need to get some permissions from relevant departments.
gk
(service)
(156 Points)
Replied 28 May 2023
Thank you sir,
I wish to make that amount to use for long, short investments and intraday trades. And wish to continue such if I could earn at least 30% annually. So what sort of permissions need to have and from which departments should I get those - please let me know sir.
(I was a NRI, but retired /stopped my service since 2015 - just for your information only)
with many thanks once again for your kind advise,
GK
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180260 Points)
Replied 28 May 2023
You being resident Individual now, no need of such formalities, except declaration with the loaner bank about its utilization.
gk
(service)
(156 Points)
Replied 28 May 2023
That is nice to hear Dhiraj Sir🥰🙏
My hearty thanks for your kind responses and instructions. Best Regards.
Joyful weekend 💖
GK
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