Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2016 https://www.taxtmi.com/notifications?id=118805 The amendment revises the definition of Non-Resident Indian (NRI) and separates NRI acquisition of securities into repatriation basis under the Portfolio Investment Scheme and non repatriation basis. Schedule 3 permits specified purchases through designated authorised dealer branches subject to individual and aggregate ceilings, delivery and custody requirements, FDI sectoral caps, reporting to the Reserve Bank, and routing through an NRE (PIS) account with defined permitted credits and debits. Schedule 4 permits unrestricted non repatriation domestic investments except in prohibited sectors, mandates payment and credit routing rules, and disallows repatriation of principal and appreciation. en-us Mon, 15 Feb 2016 00:00:00 +0530 Mon, 22 Feb 2016 18:30:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2016 https://www.taxtmi.com/notifications?id=118805 The amendment revises the definition of Non-Resident Indian (NRI) and separates NRI acquisition of securities into repatriation basis under the Portfolio Investment Scheme and non repatriation basis. Schedule 3 permits specified purchases through designated authorised dealer branches subject to individual and aggregate ceilings, delivery and custody requirements, FDI sectoral caps, reporting to the Reserve Bank, and routing through an NRE (PIS) account with defined permitted credits and debits. Schedule 4 permits unrestricted non repatriation domestic investments except in prohibited sectors, mandates payment and credit routing rules, and disallows repatriation of principal and appreciation. Notifications FEMA Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118805