Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Chapter V INVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA
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Nonresident investment permissions cover listed securities, non-repatriation capital contributions, derivatives, and depository receipts subject to prescribed conditions. Individuals resident outside India, including NRIs and OCIs, may purchase or sell listed Indian company equity instruments and other securities on a ... Summary
Nonresident investment permissions cover listed securities, non-repatriation capital contributions, derivatives, and depository receipts subject to prescribed conditions.
Individuals resident outside India, including NRIs and OCIs, may purchase or sell listed Indian company equity instruments and other securities on a repatriation basis under Schedule III. Prior Government approval applies where the investment transfers ownership or control to entities or citizens of countries sharing a land border with India, or where the beneficial owner is such a citizen. NRIs and OCIs may also invest on a non-repatriation basis, contribute capital to LLPs, firms or proprietary concerns, trade approved derivatives, and deal in IDRs subject to prescribed schedules and conditions.
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