Employee acquisition of foreign securities permitted where shares offered at concession; concession may be borne by issuer or Indian unit. Authorised dealers may allow remittance by resident individuals who are employees or directors of a foreign company, its Indian branch/office/subsidiary, or an Indian company with majority foreign equity for purchase of foreign securities under Regulation 19, provided the shares are offered at a concessional price. The concessional element under Employees Stock Option Scheme may be borne by the foreign issuer, its Indian branch/office/subsidiary, or the Indian company with majority foreign equity.
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.
Employee acquisition of foreign securities permitted where shares offered at concession; concession may be borne by issuer or Indian unit.
Authorised dealers may allow remittance by resident individuals who are employees or directors of a foreign company, its Indian branch/office/subsidiary, or an Indian company with majority foreign equity for purchase of foreign securities under Regulation 19, provided the shares are offered at a concessional price. The concessional element under Employees Stock Option Scheme may be borne by the foreign issuer, its Indian branch/office/subsidiary, or the Indian company with majority foreign equity.
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