https://www.taxtmi.com/acts?id=2082 A Non-Resident Indian may acquire and hold, on a non-repatriation basis, specified equity, convertible instruments, warrants, units and make partnership capital contributions without limit. Prohibited targets include Nidhi companies, chit funds and certain agricultural, plantation, real estate and related activities (with specified exclusions such as REIT units and infrastructure development). Consideration must be paid by inward remittance or from NRE/FCNR/NRO/NRSR/NRNR accounts. Sale or maturity proceeds (net of taxes) are to be credited to prescribed NRO/NRSR accounts, and the invested amount plus capital appreciation is not repatriable. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 11:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2082 A Non-Resident Indian may acquire and hold, on a non-repatriation basis, specified equity, convertible instruments, warrants, units and make partnership capital contributions without limit. Prohibited targets include Nidhi companies, chit funds and certain agricultural, plantation, real estate and related activities (with specified exclusions such as REIT units and infrastructure development). Consideration must be paid by inward remittance or from NRE/FCNR/NRO/NRSR/NRNR accounts. Sale or maturity proceeds (net of taxes) are to be credited to prescribed NRO/NRSR accounts, and the invested amount plus capital appreciation is not repatriable. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2082