Constituency rules for foreign portfolio investors expanded to permit NRIs, OCIs and resident Indians subject to tax-law eligibility and approvals. Amendment substitutes Regulation 4(c) to permit non-resident Indians, Overseas Citizens of India and resident Indian individuals as constituents of an FP-in applicant subject to Board conditions; resident Indian non-individuals may be constituents only if they are eligible fund managers under the Income Tax Act and the applicant is an eligible investment fund under the Income Tax Act with approval under the Income Tax Rules.