Transfer of equity instruments: cross-border transfers permitted subject to entry routes, sectoral caps, pricing and approvals. Transfer of equity instruments by or to persons resident outside India is permitted subject to Schedules eligibility and regulatory conditions: prior Government or Reserve Bank approvals where applicable; compliance with entry routes, sectoral caps, investment limits, pricing guidelines, documentation and reporting requirements; special provisos for non repatriable holdings; gift conditions including donee eligibility, cumulative percentage limits, sectoral cap adherence, relatedness, annual value ceiling and public interest conditions; deferred, escrow or indemnified payment mechanisms; escrow account funding rules; and pledge conditions including co terminus periods, invocation procedures, auditor certification and authorised dealer no objection.