https://www.taxtmi.com/acts?id=2069 Regulation 7 permits issuance of shares to non resident shareholders after a court approved merger, amalgamation, reconstruction or de merger provided post transaction non resident holdings do not exceed authorised percentages (or obtain Central Government and Reserve Bank approvals if likely exceeded), the companies do not engage in agriculture, plantation, real estate or TDR trading, and the transferee/new company files a detailed report with the Reserve Bank within 30 days confirming compliance; bonus issuance of non convertible redeemable preference shares or debentures to non residents is allowed subject to original compliance, Companies Act requirements, an income tax NOC, and sectoral exclusions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 21 Jun 2025 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2069 Regulation 7 permits issuance of shares to non resident shareholders after a court approved merger, amalgamation, reconstruction or de merger provided post transaction non resident holdings do not exceed authorised percentages (or obtain Central Government and Reserve Bank approvals if likely exceeded), the companies do not engage in agriculture, plantation, real estate or TDR trading, and the transferee/new company files a detailed report with the Reserve Bank within 30 days confirming compliance; bonus issuance of non convertible redeemable preference shares or debentures to non residents is allowed subject to original compliance, Companies Act requirements, an income tax NOC, and sectoral exclusions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2069