Overseas Corporate Bodies (OCB’s) are bodies predominantly owned individuals of Indian Origin or nationality resident outside India and include overseas companies, partnership firms, societies and other corporate bodies which are owned, directly or indirectly, to the extent of at least 60% by individuals of Indian nationality or origin resident outside India as also overseas trusts […]

An Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a Non-Resident. (Persons posted in UN organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as […]

Indians who go abroad for either of the following purposes
Tourism

Undertaking business promotion.
To receive training
Obtaining medical treatment.
Participating in sports or cultural activities.
Indians or persons of Indian Origin residing in Nepal/Bhutan/Pakistan/Bangladesh.
Crew members working for Shipping/Airlines Companies posted in India and those companies whose registered offices are in India.

Definition of NRI: Regulation 2(vi) of FEMA 5

Person resident outside […]

Who is a Person of Indian Origin: FEMA 5 Regulation 2(XII)?
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For the purposes of availing of the facilities of opening and maintaining bank accounts and investments in shares/securities in India, a citizen (other than a citizen of Pakistan or Bangladesh) is a PIO if
He at any time held an Indian passport
Or
He or either his/ her […]