Chapter V - INVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA (From Rule 12 to Rule 13)
Repatriation basis investments by NRIs and OCIs cover listed equity, mutual funds, disinvestment shares and pension savings. Investments by an individual person resident outside India, including a Non-Resident Indian or Overseas Citizen of India, on repatriation basis are permitted in specified instruments and subject to prescribed conditions. Listed equity may be traded through a designated Authorized Dealer branch within ownership limits, with breach leading to divestment or reclassification as foreign direct investment. NRIs and OCIs may also invest without limit in eligible mutual funds, disinvestment shares, and the National Pension System, with repatriation and remittance conditions governed by the Reserve Bank.
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 basis investments by NRIs and OCIs cover listed equity, mutual funds, disinvestment shares and pension savings.
Investments by an individual person resident outside India, including a Non-Resident Indian or Overseas Citizen of India, on repatriation basis are permitted in specified instruments and subject to prescribed conditions. Listed equity may be traded through a designated Authorized Dealer branch within ownership limits, with breach leading to divestment or reclassification as foreign direct investment. NRIs and OCIs may also invest without limit in eligible mutual funds, disinvestment shares, and the National Pension System, with repatriation and remittance conditions governed by the Reserve Bank.
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