Investment on non-repatriation basis

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..... s or contribution to the capital of an LLP by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on Non-Repatriation basis 1. Purchase/ sale of capital instruments or convertible notes or units or contribution to the capital of an LLP (1) A Non-resident Indian (NRI) or an Overseas Citizen of India (OCI), including a company, a trust and a partnership firm incorporated outside In .....

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..... I including a company, a trust and a partnership firm incorporated outside India and owned and controlled by NRIs or OCIs, shall not make any investment, under this Schedule, in capital instruments or units of a Nidhi company or a company engaged in agricultural/ plantation activities or real estate business or construction of farm houses or dealing in Transfer of Development Rights. Explanatio .....

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..... iation thereon shall not be allowed to be repatriated abroad. B. Investment in a firm or a proprietary concern 1. Contribution to capital of a firm or a proprietary concern An NRI or an OCI may invest, on a non-repatriation basis, by way of contribution to the capital of a firm or a proprietary concern in India provided such firm or proprietary concern is not engaged in any agricultur .....

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