Foreign exchange payment rules govern remittance channels, account use, and repatriation treatment across non-debt investment categories. Regulation 3 prescribes the permitted modes of payment and remittance of sale or maturity proceeds for specified non-debt instrument transactions under the Foreign Exchange Management framework. It sets out schedule-wise rules for equity instruments, portfolio investments, investments by individuals, NRIs, OCIs, foreign venture capital investors, investment vehicles, Indian depository receipts, convertible notes, and permissible equity subscriptions on international exchanges, with each class governed by the account type, remittance channel, and repatriation treatment applicable to that category. The regulation also distinguishes between repatriable and non-repatriable investments, including the treatment of sale proceeds, disinvestment proceeds, and account-credit restrictions.
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange payment rules govern remittance channels, account use, and repatriation treatment across non-debt investment categories.
Regulation 3 prescribes the permitted modes of payment and remittance of sale or maturity proceeds for specified non-debt instrument transactions under the Foreign Exchange Management framework. It sets out schedule-wise rules for equity instruments, portfolio investments, investments by individuals, NRIs, OCIs, foreign venture capital investors, investment vehicles, Indian depository receipts, convertible notes, and permissible equity subscriptions on international exchanges, with each class governed by the account type, remittance channel, and repatriation treatment applicable to that category. The regulation also distinguishes between repatriable and non-repatriable investments, including the treatment of sale proceeds, disinvestment proceeds, and account-credit restrictions.
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