Repatriation of NRI and OCI investments permitted across listed equities, mutual funds and public disinvestments under specified RBI conditions. NRIs and OCIs may purchase or sell listed-company equity on a recognized exchange through branches designated by an authorized dealer, subject to individual and aggregate holding ceilings and a process to raise the aggregate cap by shareholder resolution; they may buy or sell domestic mutual fund units and public sector disinvestment shares without limit; may subscribe to the national pension arrangement with repatriable annuity/accumulations and permitted collateral use for exchange-traded derivatives; and the Reserve Bank prescribes the mode of payment and remittance conditions for sale or maturity proceeds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repatriation of NRI and OCI investments permitted across listed equities, mutual funds and public disinvestments under specified RBI conditions.
NRIs and OCIs may purchase or sell listed-company equity on a recognized exchange through branches designated by an authorized dealer, subject to individual and aggregate holding ceilings and a process to raise the aggregate cap by shareholder resolution; they may buy or sell domestic mutual fund units and public sector disinvestment shares without limit; may subscribe to the national pension arrangement with repatriable annuity/accumulations and permitted collateral use for exchange-traded derivatives; and the Reserve Bank prescribes the mode of payment and remittance conditions for sale or maturity proceeds.
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