FDI acquisition on recognised exchange permitted for non residents subject to existing control and specified payment conditions. A non resident, including an NRI, may acquire listed Indian company shares on a recognised stock exchange through a registered broker under the FDI Scheme if the investor has already acquired and continues to hold control under the SEBI Substantial Acquisition and Takeover Regulations; consideration may be paid as specified in paragraph 8 of Schedule 1 to Notification No. FEMA.20/2000 RB or out of dividends from the controlled Indian investee, provided the dividend right is established and the dividend is credited to a specially designated non interest bearing rupee account for acquisition.