https://www.taxtmi.com/notifications?id=146033 The amendment rules broaden the non-debt instruments framework by replacing references to NRI or OCI with the wider category of an individual person resident outside India and revising the related investment and transfer provisions. They permit repatriation-based purchase, sale, and transfer of equity instruments and units subject to schedule-based conditions, prior Government approval in sensitive ownership or control cases involving land-border countries, and updated definitions of ownership and beneficial owner. The rules also restate foreign portfolio investor holding limits, breach consequences, divestment requirements, and reclassification of excess holdings as foreign direct investment. en-us Fri, 12 Jun 2026 00:00:00 +0530 Mon, 15 Jun 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146033 The amendment rules broaden the non-debt instruments framework by replacing references to NRI or OCI with the wider category of an individual person resident outside India and revising the related investment and transfer provisions. They permit repatriation-based purchase, sale, and transfer of equity instruments and units subject to schedule-based conditions, prior Government approval in sensitive ownership or control cases involving land-border countries, and updated definitions of ownership and beneficial owner. The rules also restate foreign portfolio investor holding limits, breach consequences, divestment requirements, and reclassification of excess holdings as foreign direct investment. Notifications FEMA Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146033