FDI share acquisition on exchanges permitted where non-resident already holds control, subject to FEMA pricing and compliance. Non-residents, including NRIs, may acquire shares of listed Indian companies on recognised stock exchanges under the FDI scheme if they already hold and continue to hold control as per SEBI Takeover Regulations. Consideration may be paid by inward remittance, debit to NRE/FCNR accounts, debit to a non-interest bearing escrow account in India, or from dividends credited to a designated non-interest bearing rupee account. Pricing for subsequent transfers must follow FEMA guidelines and all investments must comply with sectoral caps, entry route, reporting, and documentation requirements under FDI policy and FEMA.
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.
FDI share acquisition on exchanges permitted where non-resident already holds control, subject to FEMA pricing and compliance.
Non-residents, including NRIs, may acquire shares of listed Indian companies on recognised stock exchanges under the FDI scheme if they already hold and continue to hold control as per SEBI Takeover Regulations. Consideration may be paid by inward remittance, debit to NRE/FCNR accounts, debit to a non-interest bearing escrow account in India, or from dividends credited to a designated non-interest bearing rupee account. Pricing for subsequent transfers must follow FEMA guidelines and all investments must comply with sectoral caps, entry route, reporting, and documentation requirements under FDI policy and FEMA.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
