https://www.taxtmi.com/circulars?id=1957 Authorised dealers may permit resident individuals to remit for purchase of foreign securities under ESOP schemes without a specified monetary limit, subject to the shares being offered at a concessional price and the foreign equity in the Indian company meeting a majority ownership requirement; the relaxation is interim and subject to review, with regulatory amendments to follow and directions issued under the Foreign Exchange Management Act. en-us Mon, 13 Jan 2003 00:00:00 +0530 Mon, 06 Oct 2008 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1957 Authorised dealers may permit resident individuals to remit for purchase of foreign securities under ESOP schemes without a specified monetary limit, subject to the shares being offered at a concessional price and the foreign equity in the Indian company meeting a majority ownership requirement; the relaxation is interim and subject to review, with regulatory amendments to follow and directions issued under the Foreign Exchange Management Act. Circulars FEMA Mon, 13 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1957