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of <h1>Non-resident Indians can invest in equity shares without limits on non-repatriation basis, treated as domestic investment</h1> Non-resident Indians may acquire equity shares, convertible securities, and units on a non-repatriation basis without limits, treated as domestic investment equivalent to resident investments. Investments are permitted in companies, investment vehicles, and partnership firms through normal banking channels or designated accounts. However, investments are prohibited in Nidhi companies, agricultural/plantation activities, real estate business, farm house construction, and Transfer of Development Rights dealings. Sale proceeds must be credited to NRO accounts regardless of payment source, and invested amounts plus capital appreciation cannot be repatriated abroad.
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