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
SCH-01	:	Purchase or sale of equity instruments of an Indian company by a person resident outside India
SCH-02	:	Investments by Foreign Portfolio Investors
SCH-03	:	Investments by Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) on repatriation basis
SCH-04	:	Investment by NRI or OCI on non-repatriation basis
SCH-05	:	Investment by other non-resident investors
SCH-06	:	Investment in a Limited Liability Partnership (LLP)
SCH-07	:	Investment by a Foreign Venture Capital Investor (FVCI)
SCH-08	:	Investment by a Person Resident outside India in an Investment Vehicle
SCH-09	:	Investment in Depository Receipts by a Person Resident outside India
SCH-10	:	Issue of Indian Depository Receipts
SCH-11	:	Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme