Legal Question in Banking Law in India

Hi Law Guru's,

I am from India. I am doing binary trading from a top ranked EU regulation broker. I started with an investment of 10K. Now I am slowly earning some money. Actually , if i want to with draw the earnings , I can do that only through Neteller. In turn we can with draw from Neteller to local bank account. Please let me know is all this process is legal?. and with drawing from Neteller to India bank account is legal?


Asked on 2/22/14, 9:59 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

24.02.2014

Dear Sir / Madam,

Know when to hold.

Know when to fold.

RBI stipulates guidelines for all overseas financial trading transactions. Seeking a Chartered Accountant's advice is advisable and recommended.

Regards,

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Answered on 2/24/14, 9:01 am


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