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of <h1>Indian residents can acquire foreign securities under specific conditions including qualification shares, rights shares, and employee stock options without prior approval.</h1> Indian residents may acquire foreign securities under specified conditions without prior approval. Individuals can purchase qualification shares required for directorship positions abroad within host country legal requirements and Liberalized Remittance Scheme limits. Rights shares may be acquired when issued based on existing shareholdings. Employees or directors of Indian promoter companies can purchase up to 5% of software joint venture or subsidiary shares abroad, subject to monetary ceilings and ownership percentage maintenance requirements. Knowledge-based sector companies may offer ADR/GDR-linked stock options to resident employees under prescribed guidelines and monetary limits.
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