Acquisition of foreign securities allowed under conditions: LRS compliance, JV share limits, repatriation and ESOP rules apply. Regulation 24 permits residents in India to acquire foreign qualification shares for director posts within host country law and LRS remittance limits, accept rights shares arising from existing holdings, and-if employees or directors of an Indian promoter-purchase up to 5% of paid up capital of a software field JV or WOS subject to RBI consideration ceilings and maintenance of the promoter's pre allotment holding; sales require repatriation through banking channels with documentary evidence. ADR/GDR linked employee stock options for notified knowledge based sector companies are allowed under SEBI/Government guidelines and RBI ceilings.