https://www.taxtmi.com/notifications?id=3749 The amendments allow a resident individual to acquire qualification shares in a foreign company for a director's post subject to minimum required holding, an upper limit of one percent of paid-up capital, and a yearly monetary ceiling; acquisitions beyond these limits require prior RBI approval. They also permit acquisition of rights shares by resident individuals by virtue of existing holdings, and provide that qualification shares and rights shares acquired under these provisions may be sold without prior approval. en-us Wed, 24 Apr 2002 00:00:00 +0530 Wed, 15 Jul 2009 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3749 The amendments allow a resident individual to acquire qualification shares in a foreign company for a director's post subject to minimum required holding, an upper limit of one percent of paid-up capital, and a yearly monetary ceiling; acquisitions beyond these limits require prior RBI approval. They also permit acquisition of rights shares by resident individuals by virtue of existing holdings, and provide that qualification shares and rights shares acquired under these provisions may be sold without prior approval. Notifications FEMA Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3749