Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Chapter X INVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES
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Permissible holder investment enables trading in directly listed Indian public company shares, subject to prescribed remittance conditions. Rule 34 permits a permissible holder to purchase or sell equity shares of a public Indian company listed, or proposed to be listed, on an International ... Summary
Permissible holder investment enables trading in directly listed Indian public company shares, subject to prescribed remittance conditions.
Rule 34 permits a permissible holder to purchase or sell equity shares of a public Indian company listed, or proposed to be listed, on an International Exchange under the Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme in Schedule XI. Payment modes and conditions for remittance of issue proceeds are governed by specifications issued by the Reserve Bank.
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