FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
Acquisition of bonus shares: non-resident shareholders may receive bonus shares only if original shares met acquisition rules and repatriability conditions. An Indian company may issue bonus shares to non-resident shareholders only if the original shares were acquired or held in accordance with applicable rules or regulations, and any bonus shares so issued remain subject to the same conditions and restrictions, including on repatriability, that applied to the original shares.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Acquisition of bonus shares: non-resident shareholders may receive bonus shares only if original shares met acquisition rules and repatriability conditions.
An Indian company may issue bonus shares to non-resident shareholders only if the original shares were acquired or held in accordance with applicable rules or regulations, and any bonus shares so issued remain subject to the same conditions and restrictions, including on repatriability, that applied to the original shares.
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