https://www.taxtmi.com/acts?id=2066 Non-residents may buy equity, preference shares or convertible debentures on rights basis if the offer does not increase foreign equity beyond approved or permissible levels, existing non-resident shareholders' applications keep overall foreign holding within the sectoral cap, and the rights relate to original securities held in compliance with the Regulations. Listed-company rights may be priced by the company; unlisted-company rights to non-residents must not be priced below the resident offer. Rights remain subject to the same conditions including repatriability, with prescribed inward remittance or eligible account debits for payment. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 21 Jun 2025 10:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2066 Non-residents may buy equity, preference shares or convertible debentures on rights basis if the offer does not increase foreign equity beyond approved or permissible levels, existing non-resident shareholders' applications keep overall foreign holding within the sectoral cap, and the rights relate to original securities held in compliance with the Regulations. Listed-company rights may be priced by the company; unlisted-company rights to non-residents must not be priced below the resident offer. Rights remain subject to the same conditions including repatriability, with prescribed inward remittance or eligible account debits for payment. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2066