https://www.taxtmi.com/circulars?id=52406 Non-residents, including NRIs, may acquire shares of listed Indian companies on recognised stock exchanges under the FDI scheme if they already hold and continue to hold control as per SEBI Takeover Regulations. Consideration may be paid by inward remittance, debit to NRE/FCNR accounts, debit to a non-interest bearing escrow account in India, or from dividends credited to a designated non-interest bearing rupee account. Pricing for subsequent transfers must follow FEMA guidelines and all investments must comply with sectoral caps, entry route, reporting, and documentation requirements under FDI policy and FEMA. en-us Fri, 06 Sep 2013 00:00:00 +0530 Sat, 07 Sep 2013 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52406 Non-residents, including NRIs, may acquire shares of listed Indian companies on recognised stock exchanges under the FDI scheme if they already hold and continue to hold control as per SEBI Takeover Regulations. Consideration may be paid by inward remittance, debit to NRE/FCNR accounts, debit to a non-interest bearing escrow account in India, or from dividends credited to a designated non-interest bearing rupee account. Pricing for subsequent transfers must follow FEMA guidelines and all investments must comply with sectoral caps, entry route, reporting, and documentation requirements under FDI policy and FEMA. Circulars FEMA Fri, 06 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52406