Investment by NRI or OCI on non-repatriation basis

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

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..... Citizen of India (OCI) may without limit purchase or sell units of domestic mutual funds on non-repatriation basis which invest more than 50% in equity. (3) Prohibition on purchase of equity instruments of certain companies. Notwithstanding anything contained in paragraph 1, a NRI or an OCI including a company, a trust and a partnership firm incorporated outside India and owned .....

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..... to the capital of a firm or a proprietary concern in India provided such firm or proprietary concern is not engaged in any agricultural or plantation activity or print media or real estate business. Explanation : Real estate business shall have the same meaning as specified in sub paragraph (b) of paragraph (3) of Schedule I. (2) The mode of payment and attendant conditions for .....

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