Investment by NRI or OCI on non-repatriation basis

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..... 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 NRIs or OCIs, may purchase or contribute, as the case may be, on .....

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..... h 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 and controlled by NRIs or OCIs, shall not make any investment, under this Schedule, in equity instruments or units of a Nidhi company or .....

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