Answer: In early 2018, Sebi allowed investment in shares by an individual without making an opening transaction. This facility is available in a Sebi registered demat account for the first time during an offer for sale by the company. “Individuals are allowed to buy up to 25,000 equity shares without having to apply for a KYC-compliant account”, said the Securities and Exchange Board of India. If the person holding demat accounts, if not domiciled, in India, then can subscribe for a maximum of 25,000 equity shares in the first subscription.
Answer: In early 2018, Sebi allowed investment in shares by an individual without making an opening transaction. This facility is available in a Sebi registered demat account for the first time during an offer for sale by the company. “Individuals are allowed to buy up to 25,000 equity shares without having to apply for a KYC-compliant account”, said the Securities and Exchange Board of India. If the person holding demat accounts, if not domiciled, in India, then can subscribe for a maximum of 25,000 equity shares in the first subscription.