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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Companies in FDI-Prohibited Sectors Can Issue Bonus Shares to Non-Resident Shareholders While Maintaining Existing Ownership Proportions</h1> Indian companies in sectors prohibited for FDI can issue bonus shares to existing non-resident shareholders, provided the shareholding pattern remains unchanged. This clarification, inserted under Para 1 Annexure 3 of the Consolidated FDI Policy, allows such issuance while maintaining existing ownership proportions. The bonus shares must comply with all applicable regulations. This policy modification will take effect upon issuance of relevant FEMA notifications.
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