Transfer of equity Instruments of an Indian Company by FPI

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.... or units held by him in compliance with the conditions, if any, specified in the Schedules annexed to these rules, subject to the terms and conditions specified therein and by the Securities and Exchange Board of India: Provided that, - (i) prior Government approval shall be obtained for any transfer in case the company is engaged in a sector which requires the Government approval; (ii) wher....

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.... specified by the Securities and Exchange Board of India; (1) A FPI may transfer by way of sale or gift the equity instruments of an Indian company or units held by him to any person resident outside India; Explanation: For the purposes of this rule transfer shall also include transfer of equity instruments of an Indian company pursuant to liquidation, merger, de-merger and amalgamation of ent....