I am in Merchant Navy.. I have been investing in stock market from 5 years througha demat account linked to normal indian savings account ( not an NRE/NRO a/c) So, Is it illegal to do so as per IT act. I have been trying to open a demat account linked to NRO account. Somehow, address proof seems to be a biggest concers. As a seamen, how would someone expect me to show an overseas address proof in order to open a demat account....? This is really bothering me for long time.. pls help..!
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