https://www.taxtmi.com/circulars?id=11568 Resident individuals are granted general permission to acquire foreign equity as qualification shares for directorship (subject to host-country requirements and within LRS limits), as consideration for professional services or Director's remuneration (within LRS limits), and to purchase shares under foreign ESOPs offered globally on a uniform basis irrespective of the issuing company's stake in the Indian employer, provided an Annual Return is filed through the AD Category I bank; AD banks may permit remittances and regulatory amendments will follow. en-us Wed, 28 Mar 2012 00:00:00 +0530 Fri, 30 Mar 2012 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11568 Resident individuals are granted general permission to acquire foreign equity as qualification shares for directorship (subject to host-country requirements and within LRS limits), as consideration for professional services or Director's remuneration (within LRS limits), and to purchase shares under foreign ESOPs offered globally on a uniform basis irrespective of the issuing company's stake in the Indian employer, provided an Annual Return is filed through the AD Category I bank; AD banks may permit remittances and regulatory amendments will follow. Circulars FEMA Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11568