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What is the difference between primary and contingency nominee?
In the abnormal circumstances where the primary nominee passes away prior to the Account Owner, the remaining portion may be payable proportionately to any surviving primary nominee. In the event that there isn't a surviving primary nominee, the ...
Broker Disclaimer
Broker Disclaimer I authorize my broker and/or Clearing Firm to obtain a consumer report at the time of application to verify my creditworthiness and to obtain a consumer report from time to time for updates, renewals, extensions, and collection ...
FullyPaid Securities Lending Disclosure
Fully Paid Securities Lending Disclosure The disclosures for Fully Paid Securities Lending may be found here: https://legal.drivewealth.com/fpsl-disclosure https://legal.drivewealth.com/fpsl-master-securities-lending-agreement
What is the W8-ben certification fee?
A fee of $5 would be deducted from the first fund transfer by Stockal’s brokerage partner, towards Tax Certification (W-8 Ben), a one-time fee upon a non-US account opening.
What are the TCS provisions (including thresholds, if any) in regards to the overseas investment made by an investor?
From 1st April 2025, Authorised Dealers (typically banks and remittance companies) will collect 20% TCS for remittances made for international investments exceeding a threshold of INR 10 lakh.