NRI - Equity stocks

[Guest]

Can NRI holding US passport & OCI permit of India purchase Equity stocks in India?

[Surender Gupta]

you need to refer to the relevant regulations issued under FEMA or to consult some expert.

AI Summary

FEMA eligibility: NRIs with foreign passports and OCI status must follow FEMA regulations to invest in Indian equities. Whether an NRI holding a foreign passport and an Overseas Citizen of India permit may acquire equity shares in India is governed by FEMA; the response advises consulting the specific FEMA regulations or expert regulatory advice to determine eligibility and permitted investment routes.