Investments by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis

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....n resident outside India may purchase and sell equity instruments through a branch designated by an Authorized Dealer for the purpose; (b) The total holding by any individual person resident outside India shall be less than ten per cent of the total paidup equity capital on a fully diluted basis or shall be less than ten per cent of the paid-up value of each series of debentures or preference shares or share warrants issued by an Indian company and the total holdings of all individual person resident outside India put together in the Indian company under this schedule shall not exceed twenty four per cent of the total paid-up equity capital on a fully diluted basis or shall not exceed twenty four per cent of the paid-up value ....

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....nt as FDI, shall be subject to the same conditions as specified by Securities and Exchange Board of India and the Reserve Bank for a foreign portfolio investor (FPI). The breach of the said aggregate or sectoral limit on account of such acquisition for the period between the acquisition and sale or conversion to FDI within the prescribed time, shall not be reckoned as a contravention under these rules.] (2) Purchase or sale of units of domestic mutual funds A Non-resident Indian (NRI) or an Overseas Citizen of India (OCI) may without limit purchase or sell units of domestic mutual funds which invest more than 50 percent in equity. (3) Purchase or sale of shares in public sector enterprises A Non-resident Indian (NRI) or an Overs....