Transfer of equity instruments by NRIs or OCIs requires compliance with repatriation status, entry routes, sectoral caps and approvals. Transfer of equity instruments by NRIs or OCIs depends on whether holdings are on a repatriation or non repatriation basis. Repatriable holdings may be sold or gifted to non residents subject to sectoral Government approvals and Schedule conditions; temporary breaches from Schedule III acquisitions must be remedied within an RBI stipulated period. Non repatriable holdings may be sold to non residents only under applicable entry routes, caps, pricing and RBI reporting, with gifts requiring prior RBI approval and conditions on donee eligibility, cumulative percentage limits, sectoral cap compliance, relative status of donor and donee, annual gift value limits, and other public interest conditions.