Before — Pre June 2026 Pre-amendment limits
After — Effective June 5, 2026 Post-amendment limits
Individual NRI / OCI cap (per company)
5%
of paid-up equity capital
Individual NRI / OCI / PROI cap (per company)
10%
doubled — no SEBI registration needed
Aggregate NRI + OCI cap (all investors)
10%
default; 24% only via special resolution
Aggregate all overseas individuals (combined)
24%
new default; no shareholder vote required
Eligible investors under PIS route
NRI + OCI only
Foreign nationals excluded
Eligible investors under PIS route
All PROIs
NRI, OCI + all foreign nationals included
Exceeding limit — mandatory requirement
FPI Registration
SEBI registration, full compliance burden
Exceeding new 10% limit — requirement
FPI Route
FPI registration still required above 10%