Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring and compliance.

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Full Text of the Document

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....Foreign portfolio investment in equity instruments of a listed Indian company on a recognised stock exchange is now extended to all individual persons resident outside India, subject to enhanced limits. AD Category-I banks may open repatriable INR accounts for such investors to facilitate these investments, and reporting and limit monitoring must follow the same framework used for NRI/OCI investments. If investment limits are breached, reclassification from FPI to FDI must follow the Reserve Bank's prescribed framework. Banks must also ensure compliance with the Rules, Regulations and applicable SEBI requirements through appropriate systems, procedures and investor disclosures, with immediate effect.....