Foreign Exchange Management (Non-debt Instruments) Rules, 2019

Chapter: I
PRELIMINARY
Rule 1	:	Short title and commencement
Rule 2	:	Definitions
Rule 2A	:	Reserve Bank to administer these rules
Chapter: II
GENERAL CONDITIONS APPLICABLE TO ALL INVESTORS
Rule 3	:	Restriction on investment in India by a person resident outside India
Rule 4	:	Restriction on receiving investment
Rule 5	:	Permission for making investment by a person resident outside India
Chapter: III
INVESTMENT BY PERSON RESIDENT OUTSIDE INDIA
Rule 6	:	Investments by person resident outside India
Rule 7	:	Acquisition through rights issue or bonus issue
Rule 7A	:	Acquisition after renunciation of rights
Rule 8	:	Issue of Employees Stock Options , sweat equity shares and Share Based Employee Benefits to persons resident outside India
Rule 9	:	Transfer of equity instruments of an Indian company by or to a person resident outside India
Rule 9A	:	Swap of equity instruments and equity capital
Chapter: IV
INVESTMENT BY FOREIGN PORTFOLIO INVESTOR (FPI)
Rule 10	:	Investment by FPI
Rule 11	:	Transfer of equity instruments of an Indian company by FPI
Chapter: V
INVESTMENT BY NON-RESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA
Rule 12	:	Investment by NRI or OCI
Rule 13	:	Transfer of equity instruments by NRI or OCI
Chapter: VI
INVESTMENT BY OTHER NON-RESIDENT INVESTORS
Rule 14	:	Investment in securities by other non-resident investors
Rule 15	:	Transfer of securities by other non-resident investors
Chapter: VII
INVESTMENT BY FOREIGN VENTURE CAPITAL INVESTOR
Rule 16	:	Investment by FVCI
Rule 17	:	Transfer of equity instruments of an Indian company by or to a FVCI
Chapter: VIII
GENERAL PROVISIONS
Rule 18	:	Issue of Convertible Notes by an Indian startup company
Rule 19	:	Merger or demerger or amalgamation of Indian companies
Rule 20	:	Reporting requirements
Rule 21	:	Pricing guidelines
Rule 22	:	Taxes and remittances of sale proceeds
Rule 23	:	Downstream investment
Chapter: IX
ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY IN INDIA
Rule 24	:	Acquisition and transfer of property in India by a NRI or an OCI
Rule 25	:	Joint acquisition by the spouse of a NRI or an OCI
Rule 26	:	Acquisition of immovable property for carrying on a permitted activity
Rule 27	:	Purchase or sale of immovable property by Foreign Embassies or Diplomats or Consulate Generals
Rule 28	:	Acquisition by a long-term visa holder
Rule 29	:	Repatriation of sale proceeds
Rule 30	:	Prohibition on transfer of immovable property in India
Rule 31	:	Prohibition on acquisition or transfer of immovable property in India by citizens of certain countries
Rule 32	:	Miscellaneous
Rule 33	:	Savings
Chapter: X
INVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES
Rule 34	:	Investment by permissible holder
Schedules
SCHEDULE-01	:	Purchase or sale of equity instruments of an Indian company by a person resident outside India
SCHEDULE-02	:	Investments by Foreign Portfolio Investors
SCHEDULE-03	:	Investments by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis
SCHEDULE-04	:	Investment by NRI or OCI on non-repatriation basis
SCHEDULE-05	:	Investment by other non-resident investors
SCHEDULE-06	:	Investment in a Limited Liability Partnership (LLP)
SCHEDULE-07	:	Investment by a Foreign Venture Capital Investor (FVCI)
SCHEDULE-08	:	Investment by a person resident outside India in an Investment Vehicle
SCHEDULE-09	:	Investment in Depository Receipts by a person resident outside India
SCHEDULE-10	:	Issue of Indian Depository Receipts
SCHEDULE-11	:	Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme