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        FEMA

        Rule 34 - Investment by Permissible Holder

        Foreign Exchange Management (Non-debt Instruments) Rules, 2019
        Chapter X
        INVESTMENT BY PERMISSIBLE HOLDER IN EQUITY SHARES OF PUBLIC COMPANIES INCORPORATED IN INDIA AND LISTED ON INTERNATIONAL EXCHANGES

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        Permissible holder investment in Indian public company equity on international exchanges permitted; RBI to specify payment and remittance conditions. A permissible holder may purchase or sell equity shares of a public Indian company listed or to be listed on an international exchange under the Direct Listing scheme; the mode of payment and attendant conditions for remittance of proceeds shall be as specified by the Reserve Bank.
                        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.

                              Permissible holder investment in Indian public company equity on international exchanges permitted; RBI to specify payment and remittance conditions.

                              A permissible holder may purchase or sell equity shares of a public Indian company listed or to be listed on an international exchange under the Direct Listing scheme; the mode of payment and attendant conditions for remittance of proceeds shall be as specified by the Reserve Bank.


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