Self-Certification And Authentication Of Origin Declarations Under India-UK CETA

1. BACKGROUND:

• Under FEMA, the rules related to investment by a person resident outside India in an Indian company are provided under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘NDI Rules’).
• Schedule III of the NDI Rules deals with investment by NRIs and OCIs in equity instruments of a listed Indian company on repatriation basis on a recognised stock exchange.
• This schedule has been amended by the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026 (‘Amendment Rules’).
• Previously, Schedule III of the NDI Rules permitted only NRIs and OCIs to invest in equity instruments of a listed Indian company on repatriation basis on a recognised stock exchange.