Purchase by a person resident outside India of equity/preference/convertible preference shares and convertible debentures issued by an Indian company - SCHEDULE I https://www.taxtmi.com/acts?id=2074 Schedule I prescribes eligibility, entry routes and conditions for non-residents to acquire Indian company securities under FEMA: acquisitions occur via the automatic or Government approval route per Annexes A and B and FDI policy; sectoral caps are composite and conversion of debt to equity is counted towards the cap. Pricing must follow SEBI or arm's-length certified valuation; payment is by inward remittance, NRE/FCNR debit or compliant escrow, with refunds if not issued within prescribed period unless RBI permits retention. Detailed reporting (Advance report, FC-GPR, FC-TRS, ECB-2) and valuation and compliance certificates accompany filings; issuer companies bear the onus of compliance. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 27 Jun 2025 10:29:11 +0530 TaxTMI RSS Generator Purchase by a person resident outside India of equity/preference/convertible preference shares and convertible debentures issued by an Indian company - SCHEDULE I https://www.taxtmi.com/acts?id=2074 Schedule I prescribes eligibility, entry routes and conditions for non-residents to acquire Indian company securities under FEMA: acquisitions occur via the automatic or Government approval route per Annexes A and B and FDI policy; sectoral caps are composite and conversion of debt to equity is counted towards the cap. Pricing must follow SEBI or arm's-length certified valuation; payment is by inward remittance, NRE/FCNR debit or compliant escrow, with refunds if not issued within prescribed period unless RBI permits retention. Detailed reporting (Advance report, FC-GPR, FC-TRS, ECB-2) and valuation and compliance certificates accompany filings; issuer companies bear the onus of compliance. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2074