https://www.taxtmi.com/acts?id=2420 Prior permission governs acquisitions of foreign securities by residents in India, requiring Reserve Bank approval in specified cases. Individuals may acquire qualification shares only to the minimum required for directorships and within a monetary ceiling; purchases beyond those limits need prior approval. Rights shares are permitted when issued by virtue of existing holdings. Employee purchases in software sector joint ventures or subsidiaries and ADR/GDR linked stock option acquisitions are allowed subject to per-employee consideration caps, limits on shareholding proportions, and safeguarding of the promoter company's pre-allotment shareholding. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 13:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2420 Prior permission governs acquisitions of foreign securities by residents in India, requiring Reserve Bank approval in specified cases. Individuals may acquire qualification shares only to the minimum required for directorships and within a monetary ceiling; purchases beyond those limits need prior approval. Rights shares are permitted when issued by virtue of existing holdings. Employee purchases in software sector joint ventures or subsidiaries and ADR/GDR linked stock option acquisitions are allowed subject to per-employee consideration caps, limits on shareholding proportions, and safeguarding of the promoter company's pre-allotment shareholding. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2420