Can an NRI invest in shares listed in the stock exchanges in India?

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Yes. NRIs (including PIO and OCI Card holders) can invest in the India Stock Market. The investment has to be done under the Portfolio Investment Scheme (PIS) for trading on a repatriation basis. Some of the key rules relating to this scheme are as given below:

Shares purchased under PIS shall be sold on stock exchanges only.
These trades can be done only through a registered broker.
NRI shall designate a branch of a bank and route all his transactions through this branch.
An NRI can purchase shares up to 5% of the paid-up capital of an Indian company.

Topic: Portfolio Investment Scheme (PIS) Defenition

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