Non-Resident investment rules permit NRI and OCI participation in Indian securities, derivatives, and entity capital subject to schedule conditions. Rule 12 permits an individual person resident outside India, including a Non-Resident Indian or Overseas Citizen of India, to make specified investments in Indian securities and entities subject to the prescribed schedules and conditions. On repatriation basis, such a person may purchase or sell equity instruments of a listed Indian company and other securities in accordance with Schedule III, while transfers of ownership or control to persons connected with land-border countries require prior Government approval. On non-repatriation basis, a NRI or OCI may invest in equity instruments, contribute to LLPs, firms, or proprietary concerns, trade exchange-traded derivatives, and deal in Indian Depository Receipts under the relevant schedules.