Non-repatriation investment by NRIs/OCIs allowed broadly but proceeds must be credited to NRO accounts and not repatriable. Non-repatriation investments by NRIs and OCIs allow purchase or contribution to capital instruments, units, LLP capital, and startup convertible notes ... Summary
Referred In :
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017
Non-repatriation investment by NRIs/OCIs allowed broadly but proceeds must be credited to NRO accounts and not repatriable.
Non-repatriation investments by NRIs and OCIs allow purchase or contribution to capital instruments, units, LLP capital, and startup convertible notes without limits and are treated as domestic investment. Payments must be by inward remittance or from NRE/FCNR(B)/NRO accounts. Investments in Nidhi companies, agricultural/plantation activities, print media, real estate business, farm house construction, or transfer of development rights are prohibited. Sale, maturity, or disinvestment proceeds must be credited only to the investor's NRO account, and the invested principal and capital appreciation are not repatriable.
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