FDI limits for MSEs: non resident investment allowed under Annex B and FDI policy; excess equity needs prior approval. Foreign direct investment into companies qualifying as Micro and Small Enterprises and not engaged in activities listed in Annex A may be admitted subject to the ceilings and entry routes in Annex B and applicable FDI policy. Industrial undertakings manufacturing items reserved for the MSE sector that are not MSEs may issue shares beyond the 24 percent cap only with prior approval of the Foreign Investment Promotion Board; MSMED Act investment thresholds for micro and small enterprises are restated and FEMA-based directions are without prejudice to other approvals.