https://www.taxtmi.com/acts?id=2071 Regulation 9 allows persons resident outside India to transfer shares, convertible debentures, warrants or Investment Vehicle units held under the Regulations, subject to Schedule conditions. Transfers among non residents and restricted transfers by NRIs are permitted; transfers to residents are limited to gifts or sales on recognised Indian stock exchanges via registered brokers. Holders of instruments with optionality may exit after a minimum lock in period, with exit pricing at prevailing market price for listed companies or at prices determined by internationally accepted arm's length valuation methodologies certified by a Chartered Accountant or SEBI registered merchant banker. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 21 Jun 2025 10:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2071 Regulation 9 allows persons resident outside India to transfer shares, convertible debentures, warrants or Investment Vehicle units held under the Regulations, subject to Schedule conditions. Transfers among non residents and restricted transfers by NRIs are permitted; transfers to residents are limited to gifts or sales on recognised Indian stock exchanges via registered brokers. Holders of instruments with optionality may exit after a minimum lock in period, with exit pricing at prevailing market price for listed companies or at prices determined by internationally accepted arm's length valuation methodologies certified by a Chartered Accountant or SEBI registered merchant banker. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2071