Transfer of equity instruments by NRI or OCI is regulated by repatriation status, approval conditions, and sectoral limits. Transfer of equity instruments or units held by an individual person resident outside India, including an NRI or OCI, is permitted subject to the conditions in the relevant Schedules and the terms of Rule 13. Repatriation-based holdings may be transferred by sale or gift to persons resident outside India, with prior Government approval in sectors requiring approval and for certain transfers affecting listed Indian companies. Non-repatriation holdings may be transferred by sale or gift subject to entry routes, sectoral caps, pricing guidelines, documentation, reporting, and Reserve Bank approval requirements.