https://www.taxtmi.com/notifications?id=6299 The Reserve Bank permits Authorised Dealers to grant Rupee loans to NRI employees for purchase of shares under ESOP schemes, subject to conditions: board approved ESOP policy; loan capped by a per employee ceiling or percentage of purchase price; bank determined interest and margins within RBI directives; payment directly to the company; repayment by inward remittance or debit to NRO/NRE/FCNR(B) accounts; and inclusion of such loans in capital market exposures for compliance with prudential limits. en-us Tue, 18 Sep 2007 00:00:00 +0530 Sat, 04 Oct 2008 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6299 The Reserve Bank permits Authorised Dealers to grant Rupee loans to NRI employees for purchase of shares under ESOP schemes, subject to conditions: board approved ESOP policy; loan capped by a per employee ceiling or percentage of purchase price; bank determined interest and margins within RBI directives; payment directly to the company; repayment by inward remittance or debit to NRO/NRE/FCNR(B) accounts; and inclusion of such loans in capital market exposures for compliance with prudential limits. Notifications FEMA Tue, 18 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6299