Acquisition after renunciation of rights permits non-residents to acquire equity instruments, excluding share warrants, subject to pricing guidelines. Rule 7A permits a person resident outside India who acquires rights from a person resident in India following renunciation to acquire equity instruments, ... Summary
Acquisition after renunciation of rights permits non-residents to acquire equity instruments, excluding share warrants, subject to pricing guidelines.
Rule 7A permits a person resident outside India who acquires rights from a person resident in India following renunciation to acquire equity instruments, other than share warrants, against those rights. Such acquisition must comply with the pricing guidelines applicable to equity instruments and is limited to rights so acquired. The provision came into force on 27 April 2020.
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