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of <h1>India Eases Rules for NRIs: Convert Non-Repatriable Equity to Repatriable Automatically Without FIPB Approval.</h1> The Government of India has revised guidelines allowing the conversion of non-repatriable equity into repatriable equity under the automatic route for Non-resident Indians (NRIs). Previously, such conversions required approval from the Foreign Investment Promotion Board (FIPB). Now, investments originally made in foreign exchange under the Foreign Direct Investment (FDI) Scheme and in sectors or activities on the automatic route for FDI can be converted without FIPB approval. This change aligns with broader liberalization measures and applies to investments made under the specified conditions outlined in the Press Note 4 (2001 Series).
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