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The Constitution of India does not permit dual citizenship (under Article 9). Indian authorities have interpreted the law to mean that a person cannot have a second country's passport simultaneously with an Indian one — even in the case of a child who is claimed by another country as a citizen of that country, and who may be required by the laws of the other country to use one of its ...
Zerodha was founded in August 2010 by brothers Nithin and Nikhil Kamath. The name Zerodha, indicates a combination of words for the company's ideals: zero and rodha, the Sanskrit word for 'barrier'. [10] [11] In 2019, Zerodha became the largest retail stockbroker in India by active client base, overtaking ICICI Securities. It contributed up to ...
Non-resident Indian (NRI) [ edit ] Strictly, the term Non-resident Indian refers only to the tax status of an Indian citizen who, as per section 6 of The Income-tax Act, 1961 , has not resided in India for a specified period for the purposes of the Income Tax Act. [ 29 ]
He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company. [3] [4] [5] Kamath is a part of the 2024 Forbes World Billionaires List with a net worth of $3.1 billion. [6] [7] He, along with his brother Nithin, is also part of Forbes' list of India’s 100 Richest for 2024. [8]
Inward remittances from outside India, legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account. [10] [11] Since 1991, India has experienced sharp remittance growth. In 1991 Indian remittances were valued at US$2.1 billion; [5] [12] in 2006, they were estimated at between $22 billion [13] and $25.7 ...
Minister of State for Home Affairs, Kiren Rijiju, as a response in the Rajya Sabha, that was released on 26 November 2014 by the Ministry of Home Affairs, Government of India stated that "the NPR is the first step towards creation of National Register of Indian Citizens (NRIC) by verifying the citizenship status of every usual residents." [18]