Individual NRI / OCI limit per company
5%
10%
Changed
Doubles headroom without requiring SEBI registration
Aggregate overseas individual limit
10%
(default)
24%
Changed
Default raised; no board resolution needed to reach 24%
PIS route eligibility
NRI & OCI only
All PROIs incl. foreign nationals
New
Widens overseas investor base significantly
24% aggregate cap activation
Special shareholder resolution required
Now the default ceiling
Changed
Removes corporate-level friction for overseas investment
Above-limit investment route
FPI registration with SEBI
FPI registration with SEBI
Unchanged
No change — SEBI FPI registration still required beyond cap
Intraday trading for NRIs / OCIs
Prohibited
Prohibited
Unchanged
Delivery-based only — intraday ban remains in force
Investment instrument
PIS via NRE / NRO + demat
PIS via NRE / NRO + demat
Unchanged
Delivery-based only — no change to account structure
Agricultural / restricted sectors
Prohibited under FEMA
Prohibited under FEMA
Unchanged
FEMA sector restrictions remain fully in effect