Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Non-resident shareholders can receive bonus shares under same conditions and restrictions as original shares</h1> An Indian company may issue bonus shares to non-resident shareholders under specific conditions. The original shares against which bonus shares are issued must have been acquired by the non-resident shareholder in compliance with applicable rules and regulations. The bonus shares acquired by non-resident shareholders are subject to identical conditions and restrictions regarding repatriability as those applicable to the original shares. This provision ensures that bonus share issuances to foreign investors maintain the same regulatory framework and limitations as the underlying shareholding from which they derive.
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