Chapter VINVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA (From Rule 12 to Rule 13 )
Chapter XINVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES (From Rule 34 )
Swap of equity instruments permits resident-nonresident transfers subject to prescribed rules, regulations and prior government approval where applicable. Transfer by swap permits cross-border transfers between a person resident in India and a person resident outside India either as a swap of equity ... Summary
Swap of equity instruments permits resident-nonresident transfers subject to prescribed rules, regulations and prior government approval where applicable.
Transfer by swap permits cross-border transfers between a person resident in India and a person resident outside India either as a swap of equity instruments-subject to rules prescribed by the Central Government and regulations specified by the Reserve Bank-or as a swap of equity capital of a foreign company-subject to Central Government rules including the Overseas Investment Rules, and Reserve Bank regulations. Prior Government approval must be obtained where applicable. "Equity capital" carries the meaning given in the Overseas Investment Rules, 2022.
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