Schedule II - Manner of making Overseas Portfolio Investment by an Indian entity - Foreign Exchange Management (Overseas Investment) Rules, 2022

Schedule II [See rule 12] Manner of making Overseas Portfolio Investment by an Indian entity 1. OPI by an Indian entity . (1) An Indian entity may make OPI which shall not exceed fifty percent of its net worth as on the date of its last audited balance sheet, in the manner and subject to the conditions laid down in this Schedule. (2) A listed Indian company may make OPI including by way of reinvestment. (3) An unlisted Indian entity may make OPI only under clauses (iii), (iv), (v) and (vi) of sub-paragraph (2) of paragraph 1 of Schedule I.