Overseas investment liberalisation permits residents to acquire foreign qualification, service-consideration and ESOP shares within LRS limits. Resident individuals are granted general permission to acquire foreign equity as qualification shares for directorship (subject to host-country requirements and within LRS limits), as consideration for professional services or Director's remuneration (within LRS limits), and to purchase shares under foreign ESOPs offered globally on a uniform basis irrespective of the issuing company's stake in the Indian employer, provided an Annual Return is filed through the AD Category I bank; AD banks may permit remittances and regulatory amendments will follow.
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.
Overseas investment liberalisation permits residents to acquire foreign qualification, service-consideration and ESOP shares within LRS limits.
Resident individuals are granted general permission to acquire foreign equity as qualification shares for directorship (subject to host-country requirements and within LRS limits), as consideration for professional services or Director's remuneration (within LRS limits), and to purchase shares under foreign ESOPs offered globally on a uniform basis irrespective of the issuing company's stake in the Indian employer, provided an Annual Return is filed through the AD Category I bank; AD banks may permit remittances and regulatory amendments will follow.
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