The Liberalised Remittance Scheme is the legal foundation of overseas investing for Indian residents. It permits remittances of up to USD 250,000 per individual per financial year for permitted purposes, and overseas equity investment is one of them.
In practice the scheme raises three separate questions. Getting money out: which form, which purpose code, how long it takes, and what the bank charges in forex markup that rarely appears on a fee schedule. TCS: 20% on investment remittances above ₹10 lakh cumulative per PAN in a financial year — creditable against your tax liability, but a real cashflow effect at the time of remittance. And getting money back: the sell, settle and repatriate sequence, with tax consequences at each stage.
The exit path is worth reading before the entry path. It is the question that most often stops a first deposit.