---
title: "What is an Overseas Corporate Body (OCB), and can it inve..."
description: "An Overseas Corporate Body (OCB) is a company, partnership firm, society or any other corporate body owned directly or indirectly by a Non-Resident…"
category: account-opening
subcategory: company-partnership-huf-llp
slug: what-is-an-overseas-corporate-body-ocb-and-can-it-inve
canonical: https://support.arrow.trade/account-opening/company-partnership-huf-llp/what-is-an-overseas-corporate-body-ocb-and-can-it-inve/
---

# What is an Overseas Corporate Body (OCB), and can it inve...

> An Overseas Corporate Body (OCB) is a company, partnership firm, society or any other corporate body owned directly or indirectly by a Non-Resident…

## Short answer

An Overseas Corporate Body (OCB) is a company, partnership firm, society or any other corporate body owned directly or indirectly by a Non-Resident Indian. It also includes an overseas trust where not less than 60% beneficial interest is held by Non-Resident Indians directly or indirectly. Such ownership interest must be held by them and not in the capacity of a nominee.

OCBs cannot invest in the Indian markets as the RBI derecognised OCBs in 2003.

## Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name **Arrow**. Registered office: Gift City, Gandhinagar.

## Related

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Source: https://support.arrow.trade/account-opening/company-partnership-huf-llp/what-is-an-overseas-corporate-body-ocb-and-can-it-inve/
Publisher: Arrow / iRage Broking Services LLP