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of <h1>Non-residents can invest in depository receipts from eligible entities under Foreign Exchange Management Rules compliance required</h1> Foreign Exchange Management Rules permit persons resident outside India to invest in depository receipts issued by eligible entities. Eligible instruments include securities and units that non-residents can invest in under existing rules. Issuance requires compliance with the Depository Receipts Scheme 2014 and central government guidelines. Domestic custodians may purchase instruments on behalf of non-residents for conversion to depository receipts. Total foreign holdings cannot exceed prescribed limits under applicable laws. Pricing must not be below rates applicable to domestic investors. Previously issued depository receipts under the 1993 scheme are deemed compliant under current provisions.
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