https://www.taxtmi.com/notifications?id=3779 Amendments add an NRI definition, permit bonus shares to non resident shareholders only if original shares were acquired per applicable rules and subject bonus shares carry the same repatriability conditions; require companies issuing rights or bonus shares to report within thirty days in Form FC GPR; revise transfer rules so non residents may transfer to non residents generally while NRIs/OCBs may transfer only to other NRIs/OCBs, subject to prior Central Government permission where the transferee has prior ventures or tie ups in the same or allied field, with exceptions for specified international financial institutions and the IT sector. en-us Wed, 18 Jun 2003 00:00:00 +0530 Mon, 06 Oct 2008 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3779 Amendments add an NRI definition, permit bonus shares to non resident shareholders only if original shares were acquired per applicable rules and subject bonus shares carry the same repatriability conditions; require companies issuing rights or bonus shares to report within thirty days in Form FC GPR; revise transfer rules so non residents may transfer to non residents generally while NRIs/OCBs may transfer only to other NRIs/OCBs, subject to prior Central Government permission where the transferee has prior ventures or tie ups in the same or allied field, with exceptions for specified international financial institutions and the IT sector. Notifications FEMA Wed, 18 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3779