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of <h1>Indian companies can accept foreign shares as payment for services under Regulation 19 with RBI approval and percentage limits</h1> Regulation 19 under FEMA permits proprietary concerns in India to accept shares from foreign companies as payment for professional services, subject to Reserve Bank approval through authorized dealers using Form ODI. The regulation imposes two key restrictions: accepted shares cannot exceed fifty percent of fees receivable from each foreign company, and the concern's shareholding in any foreign company cannot exceed ten percent of that company's paid-up capital. The provision has been amended multiple times, with the current version effective from 2014, streamlining the application process while maintaining the core percentage limitations on share acceptance.
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