Cross-border equity instrument transfers require approval, pricing, reporting and investment-limit compliance for sales, gifts, pledges and exits. Cross-border transfers of equity instruments are permitted through sale, gift, stock-exchange sale, deferred consideration, escrow and pledge, subject to ... Summary
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Cross-border equity instrument transfers require approval, pricing, reporting and investment-limit compliance for sales, gifts, pledges and exits.
Cross-border transfers of equity instruments are permitted through sale, gift, stock-exchange sale, deferred consideration, escrow and pledge, subject to entry routes, sectoral caps or investment limits, pricing, documentation and reporting. Gifts by an Indian resident to a non-resident require prior Reserve Bank approval, an eligible donee, sectoral-cap compliance, a relative relationship, a cumulative five per cent ceiling and an annual value ceiling. Optionality exits cannot provide assured returns and must meet pricing and lock-in requirements. Pledge invocation must comply with applicable foreign-investment conditions.
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