ESOP acquisition liberalisation: residents may buy and sell foreign ESOP shares subject to repatriation of sale proceeds. Resident individuals employed by Indian offices or branches of majority foreign owned companies may acquire foreign securities under ESOPs without a concessional price condition, and may sell those shares without prior permission so long as the sale proceeds are repatriated to India; Authorised Dealers must permit remittances for acquisition per the offer and allow repatriation of proceeds, with implementing regulatory amendments to follow under FEMA authority.
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.
ESOP acquisition liberalisation: residents may buy and sell foreign ESOP shares subject to repatriation of sale proceeds.
Resident individuals employed by Indian offices or branches of majority foreign owned companies may acquire foreign securities under ESOPs without a concessional price condition, and may sell those shares without prior permission so long as the sale proceeds are repatriated to India; Authorised Dealers must permit remittances for acquisition per the offer and allow repatriation of proceeds, with implementing regulatory amendments to follow under FEMA authority.
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