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<h1>NRIs and OCIs Can Transfer Equity Instruments in Indian Companies with Specific Regulatory Conditions and Approval Guidelines</h1> Non-resident Indians (NRIs) or Overseas Citizens of India (OCIs) holding equity instruments in Indian companies can transfer these instruments under specific conditions. Transfers can be made on repatriation or non-repatriation basis to persons inside or outside India, subject to government approvals, sectoral limits, and regulatory guidelines. Transfers include sales and gifts, with restrictions on gift value, recipient eligibility, and cumulative transfer amounts. Transfers must comply with Reserve Bank of India regulations and maintain prescribed investment parameters.