Transfer of shares and convertible instruments: AD banks may process automatic-route and buy-back transfers under prescribed conditions. Authorised Dealer banks may process transfers of shares and convertible debentures between residents and non-residents under the powers delegated by A. P. (DIR Series) Circular No.16, including transfers in companies moved from FIPB/SIA to the Automatic Route (excluding financial service companies), and transfers by non-residents to an Indian company under buy-back or capital reduction, subject to the Annex requirements and other applicable statutory permissions.
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.
Transfer of shares and convertible instruments: AD banks may process automatic-route and buy-back transfers under prescribed conditions.
Authorised Dealer banks may process transfers of shares and convertible debentures between residents and non-residents under the powers delegated by A. P. (DIR Series) Circular No.16, including transfers in companies moved from FIPB/SIA to the Automatic Route (excluding financial service companies), and transfers by non-residents to an Indian company under buy-back or capital reduction, subject to the Annex requirements and other applicable statutory permissions.
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