Rule 17 - Transfer of equity Instruments of an Indian Company by or to a FVCI - Foreign Exchange Management (Non-debt Instruments) Rules, 2019

Transfer of equity Instruments of an Indian Company by or to a FVCI - 17. A FVCI holding equity instruments of an Indian company or units in accordance with these rules or a person resident in India, may transfer such equity instruments or units so held by him in compliance with the conditions, if any, prescribed in Schedule VII of these rules and as specified by the Securities and Exchange Board of India and the Reserve Bank.