https://www.taxtmi.com/acts?id=2418 Residents of India who are individuals may acquire foreign securities by gift from non-residents, under a cashless ESOP issued by a foreign company without remittance from India, or by inheritance. Employees or directors of specified Indian offices or companies with majority foreign equity may purchase shares from the foreign company provided the shares are offered at a concessional price and the purchase complies with an annual consideration limit; authorised dealers may permit remittance when those conditions are met. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 13:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2418 Residents of India who are individuals may acquire foreign securities by gift from non-residents, under a cashless ESOP issued by a foreign company without remittance from India, or by inheritance. Employees or directors of specified Indian offices or companies with majority foreign equity may purchase shares from the foreign company provided the shares are offered at a concessional price and the purchase complies with an annual consideration limit; authorised dealers may permit remittance when those conditions are met. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2418