Nri Senior 60+ Parent Indian Demat Account Opening Kyc Sebi...
Complete 2026 guide for NRI / OCI senior 60+ parent opening Indian demat account + SEBI KYC Registration Agency KRA + Central Depository Services Limited CDSL +...
Critical: NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + PAN + Aadhaar + FATCA + CRS + PMLA + FEMA USD 1M / year + senior 60+ parent estate India 2026
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KYC Registration Agency KRA + Central Depository Services Limited CDSL + National Securities Depository Limited NSDL + Depository Participant DP + Beneficiary Owner ID BO ID + DP ID + PAN mandatory per Income Tax Act 1961 Section 139A + Aadhaar voluntary for NRI / OCI per Income Tax Act 1961 Section 139AA + Income Tax Rules 1962 Rule 114F + 114G + 114H + FEMA 1999 + RBI Master Direction 2024 + FEMA NRO demat per FEMA 1999 + FEMA NRE demat per FEMA 1999 + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 + FEMA ODI Overseas Direct Investment per FEMA 1999 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated + FATCA Foreign Account Tax Compliance Act per Section 6038D + Section 1298(f) + CRS Common Reporting Standard per Section 285BA + 285BB + Form 61 + Form 61A + Form 60 + PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature + senior 60+ parent estate India 2026.
NRI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + PAN + Aadhaar + FATCA + CRS + PMLA + FEMA USD 1M / year + senior 60+ parent estate India 2026
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + PAN + Aadhaar + FATCA + CRS + PMLA + FEMA USD 1M / year
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KYC Registration Agency KRA + Central Depository Services Limited CDSL + National Securities Depository Limited NSDL + Depository Participant DP + Beneficiary Owner ID BO ID + DP ID + PAN mandatory per Income Tax Act 1961 Section 139A + Aadhaar voluntary for NRI / OCI per Income Tax Act 1961 Section 139AA + Income Tax Rules 1962 Rule 114F + 114G + 114H. Section 139A PAN mandatory per Income Tax Act 1961 for specified persons per Section 139A plain text + Section 139AA Aadhaar enrolment mandatory for Indian resident per Income Tax Act 1961 (voluntary for NRI / OCI per Section 139AA plain text) + Section 139AB quoting of Aadhaar in ITR per Section 139AB plain text + Rule 114F Aadhaar enrolment ID per Rule 114F plain text + Rule 114G intimation of Aadhaar per Rule 114G plain text + Rule 114H quoting of Aadhaar per Rule 114H plain text + Form 60 declaration for specified persons not having PAN per Rule 114B plain text + Form 61 declaration for specified persons not having PAN per Rule 114C plain text + Form 61A declaration for specified persons not having PAN per Rule 114D plain text. SEBI KYC (Client Registration) CIR per SEBI Master Circular for KYC Registration Agency KRA + SEBI In Person Verification IPV per SEBI Master Circular + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002.
FEMA 1999 + RBI Master Direction 2024 + FEMA NRO demat per FEMA 1999 (NRI / OCI NRO bank account linked) + FEMA NRE demat per FEMA 1999 (NRI / OCI NRE bank account linked) + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 (NRI equity via designated bank + AD-1) + FEMA ODI Overseas Direct Investment per FEMA 1999 (for Indian resident investment abroad) + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated. Section 6(4) FEMA demat account opening NRI / OCI senior 60+ parent + FEMA NRO demat account per FEMA 1999 + RBI Master Direction 2024 + FEMA NRE demat account per FEMA 1999 + RBI Master Direction 2024 + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 + RBI Master Direction 2024 + FEMA designated bank AD-1 + FEMA KYC compliance per FEMA 1999 + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13.
FATCA Foreign Account Tax Compliance Act per Section 6038D + Section 1298(f) specified foreign financial asset + CRS Common Reporting Standard per Section 285BA + 285BB + Form 61 + Form 61A + Form 60 + foreign demat account is foreign account per Section 1298(f)(2)(C) plain text + foreign demat account is foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA per Section 6038D + Section 1298(f) plain text + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 threshold single / MFS USD 50K end-of-year + MFJ USD 300K end-of-year per Section 6038D(c) plain text + FBAR FinCEN 114 per 31 CFR 1010.350 + foreign demat account is foreign account per 31 CFR 1010.350 plain text + foreign account aggregate > USD 10,000 per 31 CFR 1010.350(c)(1) plain text + signature authority per 31 CFR 1010.350(f)(1) + financial interest per 31 CFR 1010.350(e)(1) plain text + willful + non-willful penalty per 31 USC 5321(a)(5) + criminal penalty per 31 USC 5322(a) plain text.
PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12 + PMLA threshold INR 50,000 cash transaction + INR 10 lakh suspicious transaction + PMLA Section 4 attachment + PMLA Section 5 possession + PMLA Section 8 order + PMLA Section 9 retention + PMLA Section 12 reporting to FIU-IND per PMLA Section 12 + PMLA Section 13 retention period per PMLA Section 13 + NRI / OCI senior 60+ parent demat account opening KYC + FEMA USD 1M / year + DTAA Article 25 + Form 67 + senior 60+ parent estate India 2026 + FEMA ED RBI Master Direction 2024 + nominee rights + demat account nominee + transmission of shares + transmission of mutual fund units per Indian Succession Act 1925 + Will + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA PI NRI OCI senior 60+ parent estate India 2026.
Tax classification of NRI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + PAN + Aadhaar + FATCA + CRS + PMLA + FEMA USD 1M / year + senior 60+ parent estate India 2026
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + PAN + Aadhaar + FATCA + CRS + PMLA + FEMA USD 1M / year — 10 steps
Step 1 — Verify NRI / OCI status + FEMA NRO bank account OR FEMA NRE bank account + choose DP Depository Participant + SEBI KRA KYC
Verify NRI / OCI senior 60+ parent status + FEMA NRO bank account OR FEMA NRE bank account linked per FEMA 1999 + choose DP Depository Participant (CDSL or NSDL) + SEBI KYC Registration Agency KRA per SEBI Master Circular for KYC Registration Agency + NRI demat account types NRO demat OR NRE demat per FEMA 1999 + RBI Master Direction 2024. NRI / OCI senior 60+ parent — FEMA NRO demat account per FEMA 1999 (for NRI / OCI on returned India non-repatriable basis) OR FEMA NRE demat account per FEMA 1999 (for NRI / OCI on fully repatriable basis) + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 (for equity investment via designated bank + AD-1) per FEMA 1999 + RBI Master Direction 2024.
Step 2 — Collect KYC documentation + PAN mandatory + Aadhaar voluntary for NRI / OCI + Address Proof + Place of Birth + Photograph + Signature
Collect KYC documentation per SEBI KYC (Client Registration) CIR + PAN mandatory per Income Tax Act 1961 Section 139A + Aadhaar voluntary for NRI / OCI per Income Tax Act 1961 Section 139AA + Address Proof + Place of Birth + Photograph + Signature per SEBI KYC (CIR) + Income Tax Rules 1962 Rule 114F + 114G + 114H + Form 60 declaration for specified persons not having PAN per Rule 114B + Form 61 declaration for specified persons not having PAN per Rule 114C + Form 61A declaration for specified persons not having PAN per Rule 114D. NRI / OCI senior 60+ parent — PAN mandatory per Section 139A + Aadhaar voluntary for NRI / OCI per Section 139AA + Passport mandatory for NRI / OCI + Visa mandatory for NRI + OCI card mandatory for OCI + Driving License for address proof + Bank statement for address proof + Photograph + Signature.
Step 3 — FEMA compliance + FEMA NRO demat OR FEMA NRE demat + FEMA PIS Portfolio Investment Scheme designated bank + AD-1 bank per FEMA 1999 + RBI Master Direction 2024
FEMA compliance per FEMA 1999 + RBI Master Direction 2024 + FEMA NRO demat account per FEMA 1999 (NRI / OCI on returned India non-repatriable basis) OR FEMA NRE demat account per FEMA 1999 (NRI / OCI on fully repatriable basis) + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 (NRI equity investment via designated bank + AD-1) + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated. NRI / OCI senior 60+ parent — FEMA NRO demat account + FEMA NRE demat account + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 + RBI Master Direction 2024 + FEMA designated bank AD-1 + FEMA KYC compliance per FEMA 1999 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13.
Step 4 — FATCA + CRS + Form 60 + Form 61 + Form 61A + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Section 6038D
FATCA Foreign Account Tax Compliance Act per Section 6038D + Section 1298(f) specified foreign financial asset + CRS Common Reporting Standard per Section 285BA + 285BB + Form 60 declaration + Form 61 declaration + Form 61A declaration + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA per Section 6038D + Section 1298(f) plain text + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 threshold single / MFS USD 50K end-of-year + MFJ USD 300K end-of-year per Section 6038D(c) plain text. NRI / OCI senior 60+ parent — FATCA + CRS + Form 60 + Form 61 + Form 61A + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA per Section 6038D + Section 1298(f) plain text + CRS Common Reporting Standard per Section 285BA + 285BB plain text.
Step 5 — PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12
PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature + PMLA Section 11 maintenance of records + PMLA Section 12 reporting to FIU-IND + PMLA Section 13 retention period + PMLA Section 14 sharing of information + PMLA threshold INR 50,000 cash transaction + INR 10 lakh suspicious transaction per PMLA Rules 2005 + PMLA reporting to FIU-IND per PMLA Section 12 plain text. NRI / OCI senior 60+ parent — PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation per SEBI KYC (CIR) + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12 + PMLA threshold INR 50,000 cash + INR 10 lakh suspicious transaction + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002.
Step 6 — Submit demat account opening KYC application to DP Depository Participant + SEBI KYC KRA registration + In Person Verification IPV
Submit demat account opening KYC application to DP Depository Participant per SEBI KYC (CIR) + SEBI KYC Registration Agency KRA registration per SEBI Master Circular + SEBI In Person Verification IPV per SEBI Master Circular + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002 + CDSL Central Depository Services Limited demat account + NSDL National Securities Depository Limited demat account + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge. NRI / OCI senior 60+ parent — Submit demat account opening KYC application to DP Depository Participant + SEBI KYC KRA registration + SEBI In Person Verification IPV per SEBI Master Circular + CDSL Central Depository Services Limited demat account + NSDL National Securities Depository Limited demat account + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge.
Step 7 — Receive DP ID + BO ID + activate demat account + link FEMA NRO bank account OR FEMA NRE bank account + FEMA PIS designated bank AD-1 per FEMA 1999 + RBI Master Direction 2024
Receive DP ID Depository Participant ID + BO ID Beneficiary Owner ID + activate demat account + link FEMA NRO bank account OR FEMA NRE bank account per FEMA 1999 + RBI Master Direction 2024 + FEMA PIS Portfolio Investment Scheme designated bank AD-1 per RBI Schedule 3 FEMA 1999 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated. NRI / OCI senior 60+ parent — Receive DP ID + BO ID + activate demat account + link FEMA NRO bank account OR FEMA NRE bank account + FEMA PIS Portfolio Investment Scheme designated bank AD-1 per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated.
Step 8 — FEMA USD 1M / year LRS + demat account investment per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13
FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated + demat account investment per FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024. NRI / OCI senior 60+ parent should disclose FEMA USD 1M / year LRS remittance + demat account investment + Form A2 + AD-1 + FEMA compliance certificate to avoid FEMA compounding penalty up to 3x per FEMA 1999 Section 13. FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated for demat account investment (typically applicable; consult FEMA consultant) + 10-year US/UK/CA/AU retention debated.
Step 9 — Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 + Form 8938 + FBAR
Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama for NRI / OCI senior 60+ parent demat account opening KYC. Form 8938 FATCA per Section 6038D + Section 1298(f) specified foreign financial asset + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + FBAR FinCEN 114 per 31 CFR 1010.350 + foreign demat account is foreign account per 31 CFR 1010.350 plain text. NRI / OCI senior 60+ parent should file Form 67 + Form 10F + TRC + DTAA Article 25 + Form 8938 FATCA + FBAR FinCEN 114 for demat account opening KYC + FEMA USD 1M / year LRS.
Step 10 — Senior 60+ parent estate planning for demat account opening KYC + demat account nominee + transmission of shares + FEMA USD 1M / year + Estate Tax Treaty + senior 60+ parent estate India 2026
Senior 60+ parent estate planning for demat account opening KYC + demat account nominee + transmission of shares + transmission of mutual fund units per SEBI Master Circular + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7y retention + 10y US/UK/CA/AU retention debated + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8y TRC retention + Section 90(5) panchnama + DTAA Article 25 MAP + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Form 8938 FATCA per Section 6038D + Section 1298(f) + FBAR FinCEN 114 per 31 CFR 1010.350 + Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6501(c)(8) 6-year statute of limitations + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + demat account nominee + FEMA PI NRI OCI senior 60+ parent estate India 2026.
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NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA USD 1M / year + senior 60+ parent estate India 2026
| Section / Rule / Regulation | Trigger / Demat Account / KYC / Documentation | Verification / Approval / Activation / Form | Notes + DTAA + FEMA + Form 67 + PMLA |
|---|---|---|---|
| SEBI KYC (Client Registration) CIR + SEBI Master Circular for KYC Registration Agency KRA + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002 + Section 139A PAN mandatory + Section 139AA Aadhaar voluntary for NRI / OCI + Rule 114F + 114G + 114H per Section 139AA plain text + Form 60 + Form 61 + Form 61A | NRI / OCI senior 60+ parent opening Indian demat account + CDSL Central Depository Services Limited demat account + NSDL National Securities Depository Limited demat account + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number per SEBI KYC (CIR) plain text | PAN mandatory per Section 139A + Aadhaar voluntary for NRI / OCI per Section 139AA + SEBI KYC KRA + SEBI In Person Verification IPV per SEBI Master Circular + CERSAI + CKYCR per PMLA 2002 | Per SEBI Master Circular for KYC Registration Agency KRA + SEBI KYC (Client Registration) CIR per SEBI Master Circular + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002 + Income Tax Act 1961 Section 139A PAN mandatory per Section 139A plain text + Section 139AA Aadhaar voluntary for NRI / OCI per Section 139AA plain text + Income Tax Rules 1962 Rule 114F + 114G + 114H per Section 139AA plain text + Form 60 declaration for specified persons not having PAN per Rule 114B plain text + Form 61 declaration for specified persons not having PAN per Rule 114C plain text + Form 61A declaration for specified persons not having PAN per Rule 114D plain text + NRI / OCI senior 60+ parent demat account opening KYC. |
| FEMA 1999 + FEMA NRO demat account + FEMA NRE demat account + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 + FEMA ODI Overseas Direct Investment per FEMA 1999 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated | NRI / OCI senior 60+ parent opening Indian demat account + FEMA NRO demat + FEMA NRE demat + FEMA PIS Portfolio Investment Scheme + FEMA designated bank AD-1 + FEMA KYC compliance per FEMA 1999 + RBI Master Direction 2024 | FEMA NRO demat + FEMA NRE demat + FEMA PIS Portfolio Investment Scheme designated bank AD-1 + FEMA KYC compliance per FEMA 1999 + RBI Master Direction 2024 | Per FEMA 1999 plain text + RBI Master Direction 2024 + FEMA NRO demat account per FEMA 1999 (NRI / OCI on returned India non-repatriable basis) + FEMA NRE demat account per FEMA 1999 (NRI / OCI on fully repatriable basis) + FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 (NRI equity investment via designated bank + AD-1) + FEMA ODI Overseas Direct Investment per FEMA 1999 (for Indian resident investment abroad) + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated + NRI / OCI senior 60+ parent demat account opening KYC. |
| Section 6038D + Section 1298(f) specified foreign financial asset + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA + Section 285BA + 285BB CRS Common Reporting Standard + Form 60 + Form 61 + Form 61A + FBAR FinCEN 114 per 31 CFR 1010.350 + foreign demat account is foreign account per 31 CFR 1010.350 plain text | NRI / OCI senior 60+ parent foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + foreign demat account is foreign account per 31 CFR 1010.350 plain text + Form 8938 FATCA threshold single / MFS USD 50K end-of-year + MFJ USD 300K end-of-year per Section 6038D(c) plain text + FBAR threshold USD 10,000 aggregate per 31 CFR 1010.350(c)(1) plain text | Form 8938 FATCA + Form 60 + Form 61 + Form 61A + Form 8938 threshold per Section 6038D(c) + FBAR threshold per 31 CFR 1010.350(c)(1) + FATCA Foreign Account Tax Compliance Act per Section 6038D + Section 1298(f) + CRS Common Reporting Standard per Section 285BA + 285BB | Per Section 6038D plain text + Section 1298(f) plain text + Section 1298(f)(2)(C) plain text + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA per Section 6038D + Section 1298(f) plain text + Form 8938 threshold single / MFS USD 50K end-of-year + MFJ USD 300K end-of-year per Section 6038D(c) plain text + Section 285BA + 285BB CRS Common Reporting Standard per Section 285BA + 285BB plain text + FBAR FinCEN 114 per 31 CFR 1010.350 + foreign demat account is foreign account per 31 CFR 1010.350 plain text + foreign account aggregate > USD 10,000 per 31 CFR 1010.350(c)(1) plain text + signature authority per 31 CFR 1010.350(f)(1) + financial interest per 31 CFR 1010.350(e)(1) plain text + NRI / OCI senior 60+ parent demat account opening KYC. |
| PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12 + CERSAI + CKYCR per PMLA 2002 | NRI / OCI senior 60+ parent demat account opening KYC + PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature per SEBI KYC (CIR) plain text | PMLA Section 11 maintenance of records + PMLA Section 12 reporting to FIU-IND + PMLA Section 13 retention period + PMLA Section 14 sharing of information + PMLA threshold INR 50,000 cash + INR 10 lakh suspicious transaction + CERSAI + CKYCR per PMLA 2002 | Per PMLA Prevention of Money Laundering Act 2002 plain text + PMLA Rules 2005 plain text + KYC Documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature per SEBI KYC (CIR) plain text + PMLA Section 11 maintenance of records per PMLA Section 11 plain text + PMLA Section 12 reporting to FIU-IND per PMLA Section 12 plain text + PMLA Section 13 retention period per PMLA Section 13 plain text + PMLA Section 14 sharing of information per PMLA Section 14 plain text + PMLA threshold INR 50,000 cash transaction + INR 10 lakh suspicious transaction per PMLA Rules 2005 plain text + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002 + NRI / OCI senior 60+ parent demat account opening KYC. |
| FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7y + 10y retention debated + demat account investment | FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated + demat account investment | USD 1M / year LRS per FEMA 1999 + 3x compounding penalty per FEMA 1999 Section 13 + demat account investment per FEMA USD 1M / year LRS | Per FEMA 1999 plain text + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form A2 + AD-1 + Form 15CB (CA certificate) + Form 15CA (declarant statement) + 26Q + 27Q TDS return verification + FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated + 10-year US/UK/CA/AU retention debated + demat account investment per FEMA USD 1M / year LRS for NRI / OCI senior 60+ parent. |
| Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama | DTAA relief claim for NRI / OCI senior 60+ parent demat account opening KYC + Form 67 mandatory per CBDT Notification 3/2022 + DTAA Article 25 + Form 8833 + Section 6114 | Form 67 mandatory per CBDT Notification 3/2022 + DTAA rates per India-USA DTAA Article 25 | Per Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure per India-USA DTAA Article 25 + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama + NRI / OCI senior 60+ parent demat account opening KYC. |
| CDSL Central Depository Services Limited demat account + NSDL National Securities Depository Limited demat account + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge + SEBI In Person Verification IPV | NRI / OCI senior 60+ parent demat account opening + CDSL Central Depository Services Limited demat account + NSDL National Securities Depository Limited demat account + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge | CDSL Central Depository Services Limited + NSDL National Securities Depository Limited + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge + SEBI In Person Verification IPV per SEBI Master Circular | Per CDSL Central Depository Services Limited demat account per SEBI Depositories Act 1996 plain text + NSDL National Securities Depository Limited demat account per SEBI Depositories Act 1996 plain text + DP ID Depository Participant ID + BO ID Beneficiary Owner ID + ISIN International Securities Identification Number + demat account opening charges + demat account AMC Annual Maintenance Charge + SEBI In Person Verification IPV per SEBI Master Circular for KYC Registration Agency KRA + NRI / OCI senior 60+ parent demat account opening KYC. |
| NRI demat account types + NRO demat account + NRE demat account + PIS Portfolio Investment Scheme demat account + ODI Overseas Direct Investment demat account + demat account for mutual fund + demat account for equity + demat account for ETF + demat account for SGB Sovereign Gold Bond + demat account for NPS | NRI / OCI senior 60+ parent demat account types + NRO demat account + NRE demat account + PIS Portfolio Investment Scheme demat account + ODI Overseas Direct Investment demat account + demat account for mutual fund + demat account for equity + demat account for ETF + demat account for SGB Sovereign Gold Bond + demat account for NPS per FEMA 1999 + RBI Master Direction 2024 | NRI demat account types + NRO demat account + NRE demat account + PIS Portfolio Investment Scheme demat account + ODI Overseas Direct Investment demat account + demat account for mutual fund + demat account for equity + demat account for ETF + demat account for SGB Sovereign Gold Bond + demat account for NPS per FEMA 1999 + RBI Master Direction 2024 | Per FEMA 1999 plain text + RBI Master Direction 2024 + NRI demat account types + NRO demat account per FEMA 1999 (NRI / OCI on returned India non-repatriable basis) + NRE demat account per FEMA 1999 (NRI / OCI on fully repatriable basis) + PIS Portfolio Investment Scheme demat account per RBI Schedule 3 FEMA 1999 (NRI equity investment via designated bank + AD-1) + ODI Overseas Direct Investment demat account per FEMA 1999 (for Indian resident investment abroad) + demat account for mutual fund + demat account for equity + demat account for ETF + demat account for SGB Sovereign Gold Bond + demat account for NPS per PFRDA Act 2013 + NRI / OCI senior 60+ parent demat account opening KYC. |
| Section 6662(j) 40% accuracy penalty + Section 6501(c)(8)(A) 6-year statute of limitations + Section 6501(c)(8)(B) USD 5,000 minimum foreign asset omission + Section 6663 75% fraud + Section 6511(a) 3-year refund claim statute of limitations per Section 6511 plain text | NRI / OCI senior 60+ parent demat account opening KYC + foreign demat account + specified foreign financial asset + Section 6662(j) 40% + Section 6501(c)(8) 6-year + Section 6663 75% + Section 6511(a) 3-year refund claim statute of limitations per Section 6511 plain text + Section 6511(b) 2-year per Section 6511(b) plain text + Section 6511(c) extension per Section 6511(c) plain text | Section 6662(j)(3) 40% accuracy penalty + Section 6501(c)(8)(A) 6-year statute of limitations + Section 6501(c)(8)(B) USD 5,000 minimum foreign asset omission + Section 6663 75% fraud + Section 6511(a) 3-year refund claim statute of limitations per Section 6511 plain text | Per Section 6662(j) plain text + Section 6662(j)(3) plain text + Section 6501(c)(8) plain text + Section 6501(c)(8)(A) plain text + Section 6501(c)(8)(B) plain text + Section 6663 plain text + Section 6511 plain text + Section 6511(a) plain text + Section 6511(b) plain text + Section 6511(c) plain text + NRI / OCI senior 60+ parent demat account opening KYC + foreign demat account + specified foreign financial asset. |
| Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution + Will + FEMA ED RBI Master Direction 2024 + senior 60+ parent estate India 2026 | Senior 60+ parent estate compliance + FEMA USD 1M / year LRS + Form 67 mandatory + DTAA Article 25 + demat account nominee + transmission of shares + senior 60+ parent estate | Penalty up to 3x per FEMA 1999 Section 13 + 300% penalty per Section 10/11 BMA + Will per Indian Succession Act 1925 plain text + FEMA ED RBI Master Direction 2024 | Per FEMA 1999 plain text + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + demat account nominee + transmission of shares + transmission of mutual fund units + FEMA PI NRI OCI senior 60+ parent estate + senior 60+ parent estate India 2026. |
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA NRO + NRE + PIS + PMLA + FATCA + CRS + Form 67 + FEMA USD 1M / year — diagram
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA USD 1M / year + senior 60+ parent estate India 2026 — checklist
- Verified NRI / OCI status + FEMA NRO bank account OR FEMA NRE bank account + choose DP Depository Participant + SEBI KYC KRA
- Collected KYC documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature per SEBI KYC CIR + PAN mandatory per Section 139A + Aadhaar voluntary for NRI / OCI per Section 139AA
- FEMA compliance + FEMA NRO demat OR FEMA NRE demat + FEMA PIS Portfolio Investment Scheme designated bank AD-1 per FEMA 1999 + RBI Master Direction 2024
- FATCA + CRS + Form 60 + Form 61 + Form 61A + foreign demat account is specified foreign financial asset per Section 1298(f)(2)(C) plain text + Form 8938 FATCA per Section 6038D
- PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 + KYC Documentation + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12 + CERSAI + CKYCR per PMLA 2002
- Submitted demat account opening KYC application to DP Depository Participant + SEBI KYC KRA registration + SEBI In Person Verification IPV per SEBI Master Circular
- Received DP ID Depository Participant ID + BO ID Beneficiary Owner ID + activated demat account + linked FEMA NRO bank account OR FEMA NRE bank account + FEMA PIS designated bank AD-1
- FEMA USD 1M / year LRS per FEMA 1999 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7y + 10y retention debated
- Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 + Form 8938 + FBAR FinCEN 114
- Senior 60+ parent estate planning for demat account opening KYC + demat account nominee + transmission of shares + FEMA USD 1M / year + Estate Tax Treaty + senior 60+ parent estate India 2026
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA NRO + NRE + PIS flow
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NRI / OCI senior 60+ parent Indian demat account opening KYC + FATCA + CRS + PMLA + FEMA USD 1M / year + Form 67 + DTAA Article 25 flow
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA USD 1M / year + Form 67 + Form 8938 FATCA + FBAR FinCEN 114 + senior 60+ parent estate India 2026 infographic
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA USD 1M / year + senior 60+ parent estate India 2026 — closing prose
NRI / OCI senior 60+ parent opening an Indian demat account triggers a multi-layered compliance stack: SEBI KYC (CIR) per SEBI Master Circular for KYC Registration Agency KRA (with mandatory PAN per Income Tax Act 1961 Section 139A and Aadhaar voluntary for NRI / OCI per Section 139AA), FEMA 1999 + RBI Master Direction 2024 (with NRO demat, NRE demat, and PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 routed through a designated bank + AD-1), PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 (with KYC documentation and Section 11 + 12 + 13 + 14 obligations, plus CERSAI + CKYCR per PMLA 2002), and FATCA + CRS + Form 60/61/61A (with foreign demat account classified as a specified foreign financial asset per Section 1298(f)(2)(C) plain text). Per FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024, NRI / OCI senior 60+ parent should maintain FEMA compounding penalty up to 3x per FEMA 1999 Section 13 compliance (typically via Form A2 + AD-1 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated). NRI / OCI senior 60+ parent should file Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure for demat account opening KYC + FEMA USD 1M / year LRS remittance.
This is not generic FEMA advice: Section 6662(j) imposes 40% accuracy-related penalty; Section 6501(c)(8) imposes a 6-year statute of limitations with a USD 5,000 minimum foreign asset omission trigger; Section 6663 imposes a 75% civil fraud penalty; Section 6511 imposes a 3-year refund claim statute of limitations; Black Money Act 2015 imposes a 300% penalty under Section 10/11 with no exemption under Section 50 and no set-off under Section 49; FEMA 1999 imposes a compounding penalty up to 3x under Section 13 with Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules. NRI / OCI senior 60+ parent demat account opening KYC requires coordinated compliance with SEBI KYC (CIR) + FEMA 1999 + PMLA 2002 + FATCA + CRS + Form 67 + Form 10F + DTAA Article 25 + FEMA USD 1M / year LRS for cross-border tax + FEMA ED RBI Master Direction 2024.
Senior 60+ parent estate planning for NRI / OCI requires a 60+ parent estate India 2026 will per Indian Succession Act 1925 Section 63 (codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener) + FEMA ED RBI Master Direction 2024 (nominee rights + demat account nominee + transmission of shares + transmission of mutual fund units per SEBI Master Circular). Where the senior 60+ parent demat account nominee is also a non-resident heir, FEMA USD 1M / year LRS per FEMA 1999 + FEMA NRO 7y + 10y retention debated + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 attaches. Consult FEMA consultant + chartered accountant + estate lawyer. This article is for educational purposes and not a substitute for FEMA consultant + chartered accountant + estate lawyer advice.
NRI / OCI senior 60+ parent Indian demat account opening KYC + SEBI KRA + CDSL + NSDL + DP ID + BO ID + FEMA USD 1M / year + senior 60+ parent estate India 2026
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What is the SEBI KYC (Client Registration) CIR + SEBI KYC Registration Agency KRA + SEBI In Person Verification IPV process for NRI / OCI senior 60+ parent opening an Indian demat account?
NRI / OCI senior 60+ parent opening an Indian demat account triggers SEBI KYC (Client Registration) CIR per SEBI Master Circular for KYC Registration Agency KRA. KYC documentation includes Place of Birth + Address Proof + Identity Proof + Photograph + Signature. PAN is mandatory per Income Tax Act 1961 Section 139A; Aadhaar is voluntary for NRI / OCI per Section 139AA. SEBI In Person Verification (IPV) per SEBI Master Circular for KYC Registration Agency KRA confirms the identity of the senior 60+ parent. CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 and CKYCR Central KYC Records Registry per PMLA 2002 may apply. CDSL Central Depository Services Limited and NSDL National Securities Depository Limited are the two depositories; DP ID Depository Participant ID and BO ID Beneficiary Owner ID are assigned on activation. SEBI Master Circular + SEBI KYC (CIR) + CERSAI + CKYCR per PMLA 2002 govern NRI / OCI senior 60+ parent demat account opening KYC.
What is FEMA NRO demat account vs FEMA NRE demat account vs FEMA PIS Portfolio Investment Scheme for NRI / OCI senior 60+ parent opening an Indian demat account?
NRI / OCI senior 60+ parent can open a FEMA NRO demat account per FEMA 1999 (for NRI / OCI on returned India non-repatriable basis) OR a FEMA NRE demat account per FEMA 1999 (for NRI / OCI on fully repatriable basis). For equity investment, FEMA PIS Portfolio Investment Scheme per RBI Schedule 3 FEMA 1999 requires a designated bank + AD-1. FEMA compounding penalty up to 3x per FEMA 1999 Section 13 applies for non-compliance. FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 is debated; 10-year US/UK/CA/AU retention is debated. NRI / OCI senior 60+ parent demat account opening KYC requires FEMA NRO demat account + FEMA NRE demat account + FEMA PIS Portfolio Investment Scheme designated bank AD-1 per FEMA 1999 + RBI Master Direction 2024.
How does FATCA + CRS + Form 8938 FATCA + FBAR FinCEN 114 apply to NRI / OCI senior 60+ parent opening an Indian demat account?
NRI / OCI senior 60+ parent opening an Indian demat account triggers FATCA + CRS compliance. The foreign demat account is a specified foreign financial asset per Section 1298(f)(2)(C) plain text. Form 8938 FATCA per Section 6038D + Section 1298(f) plain text is required with a threshold of USD 50K end-of-year for single / MFS and USD 300K end-of-year for MFJ per Section 6038D(c) plain text. FBAR FinCEN 114 per 31 CFR 1010.350 is required if foreign accounts aggregate more than USD 10,000 per 31 CFR 1010.350(c)(1) plain text; the foreign demat account is a foreign account per 31 CFR 1010.350 plain text. CRS Common Reporting Standard per Section 285BA + 285BB plain text applies. Form 60 + Form 61 + Form 61A may be required for specified persons not having PAN per Rule 114B + 114C + 114D plain text. FATCA + CRS + Form 8938 FATCA + FBAR FinCEN 114 apply to NRI / OCI senior 60+ parent demat account opening KYC.
What is PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 for NRI / OCI senior 60+ parent demat account opening KYC?
NRI / OCI senior 60+ parent demat account opening KYC triggers PMLA Prevention of Money Laundering Act 2002 + PMLA Rules 2005 compliance. KYC documentation Place of Birth + Address Proof + Identity Proof + Photograph + Signature per SEBI KYC (CIR) plain text is mandatory. PMLA Section 11 maintenance of records per PMLA Section 11 plain text + PMLA Section 12 reporting to FIU-IND per PMLA Section 12 plain text + PMLA Section 13 retention period per PMLA Section 13 plain text + PMLA Section 14 sharing of information per PMLA Section 14 plain text attach. PMLA threshold INR 50,000 cash transaction + INR 10 lakh suspicious transaction per PMLA Rules 2005 plain text + CERSAI Central Registry of Securitisation Asset Reconstruction and Security Interest per CERSAI Act 2005 + CKYCR Central KYC Records Registry per PMLA 2002 apply. PMLA + PMLA Rules 2005 + KYC Documentation + PMLA Section 11 + 12 + 13 + 14 + PMLA reporting per PMLA Section 12 + CERSAI + CKYCR per PMLA 2002 govern NRI / OCI senior 60+ parent demat account opening KYC.
How does FEMA USD 1M / year LRS + Form 67 mandatory + DTAA Article 25 + Form 10F + Section 90(4) 8-year TRC retention apply to NRI / OCI senior 60+ parent demat account opening KYC?
NRI / OCI senior 60+ parent demat account opening KYC triggers FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1. FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated per RBI Circular 47/2015 + 12/2015 + 10-year US/UK/CA/AU retention debated apply. Form 67 is mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules. Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama attach. FEMA USD 1M / year LRS + Form 67 mandatory + DTAA Article 25 + Form 10F + Section 90(4) 8-year TRC retention apply to NRI / OCI senior 60+ parent demat account opening KYC.
What is the senior 60+ parent estate planning implication of NRI / OCI senior 60+ parent demat account opening KYC + FEMA USD 1M / year + Estate Tax Treaty + senior 60+ parent estate India 2026?
NRI / OCI senior 60+ parent demat account opening KYC has senior 60+ parent estate implications. The senior 60+ parent should have a will per Indian Succession Act 1925 Section 63 with 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener (for Hindus). FEMA ED RBI Master Direction 2024 governs nominee rights + demat account nominee + transmission of shares + transmission of mutual fund units per SEBI Master Circular. Where the senior 60+ parent demat account nominee is also a non-resident heir, FEMA USD 1M / year LRS per FEMA 1999 + FEMA NRO 7y + 10y retention debated + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 attaches. Black Money Act 2015 imposes 300% penalty under Section 10/11 with no exemption under Section 50 and no set-off under Section 49. Section 6662(j) imposes 40% accuracy-related penalty; Section 6663 imposes 75% civil fraud penalty; Section 6501(c)(8) imposes 6-year statute of limitations. NRI / OCI senior 60+ parent demat account opening KYC + FEMA USD 1M / year LRS + senior 60+ parent estate India 2026 requires Will + FEMA ED RBI Master Direction 2024 + nominee + transmission of shares + transmission of mutual fund units per SEBI Master Circular + Estate Tax Treaty (India-USA Estate Tax Treaty 1954) for senior 60+ parent estate.
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