FPI transfer rules: transfers allowed only under Schedule compliance and SEBI terms, with government approval where required. FPIs may transfer equity instruments or units of an Indian company only if the holding and transfer comply with conditions in the Schedules to the Non-debt Instruments Rules, 2019 and any terms specified by SEBI. Prior Government approval is required where the company's sector mandates it. If acquisition under Schedule II results in breach of aggregate or sectoral FPI limits, the remedial provisions in Schedule II apply.