Toronto Stock Exchange · Energy
Invest in Clinch Resources stock from India
Indian and foreign residents can buy Clinch Resources (CLCH) shares directly through Paasa.
By Paasa · Updated
Clinch Resources at a glance
- Price
- CA$1.05-CA$0.03 (2.78%)
- Market cap
- CA$373.29M
- Day range
- CA$1.04 – CA$1.15
- P/E
- —
- Dividend yield
- None
- Volume
- 70.40K
How to invest in Clinch Resources from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search CLCH and buy
Find Clinch Resources by name or by its ticker, CLCH, and place your order.
Why invest in Clinch Resources from India
What Clinch Resources does
Clinch Resources Ltd., a coal mining and exploration and development company, focuses on the production, development, and exploration of metallurgical coal assets in North America. The company is based in Knoxville, Tennessee. Clinch Resources operates in the Coal industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Clinch Resources stock from India?
Yes. Indian residents and NRIs can buy Clinch Resources (CLCH) shares directly through Paasa. Clinch Resources is listed on the Toronto Stock Exchange, in the Coal industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Clinch Resources dividends taxed for Indian investors?
Clinch Resources trades on the Toronto Stock Exchange but is domiciled in United States, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Clinch Resources shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.