Acquisition of foreign securities under ESOPs permitted with global uniformity and mandatory remittance and reporting obligations. Indian residents may acquire foreign securities by gift, inheritance, or under ESOPs without remittance from India; employees/directors may accept ESOP shares if offers are globally uniform and the Indian company files an Annual Return through an Authorised Dealer. Authorised Dealers may allow remittances for ESOP purchases and transfers; sale proceeds must be repatriated immediately on receipt and within the prescribed short period. Foreign issuers may repurchase shares subject to FEMA compliance and Annual Return filing. Domestic Depositories may hold underlying shares for IDRs and redemption is subject to conditions on holding or sale of underlying 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 foreign securities under ESOPs permitted with global uniformity and mandatory remittance and reporting obligations.
Indian residents may acquire foreign securities by gift, inheritance, or under ESOPs without remittance from India; employees/directors may accept ESOP shares if offers are globally uniform and the Indian company files an Annual Return through an Authorised Dealer. Authorised Dealers may allow remittances for ESOP purchases and transfers; sale proceeds must be repatriated immediately on receipt and within the prescribed short period. Foreign issuers may repurchase shares subject to FEMA compliance and Annual Return filing. Domestic Depositories may hold underlying shares for IDRs and redemption is subject to conditions on holding or sale of underlying shares.
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