https://www.taxtmi.com/acts?id=30902 Regulation 9 permits issuance or transfer of capital instruments to non-resident shareholders in approved mergers, demergers or amalgamations only if such issuance complies with applicable entry routes, sectoral caps, investment limits and attendant conditionalities; anticipated breaches require governmental approvals and companies must not operate in prohibited sectors. For schemes of arrangement, Indian companies may distribute non-convertible redeemable preference shares or debentures as bonus to non-resident shareholders out of general reserves provided the original foreign investment complied with regulations and schedule conditions, the issue meets company law and scheme terms, and prohibited-sector restrictions are observed. en-us Mon, 13 Nov 2017 18:26:07 +0530 Thu, 19 Jun 2025 17:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30902 Regulation 9 permits issuance or transfer of capital instruments to non-resident shareholders in approved mergers, demergers or amalgamations only if such issuance complies with applicable entry routes, sectoral caps, investment limits and attendant conditionalities; anticipated breaches require governmental approvals and companies must not operate in prohibited sectors. For schemes of arrangement, Indian companies may distribute non-convertible redeemable preference shares or debentures as bonus to non-resident shareholders out of general reserves provided the original foreign investment complied with regulations and schedule conditions, the issue meets company law and scheme terms, and prohibited-sector restrictions are observed. Act-Rules FEMA Mon, 13 Nov 2017 18:26:07 +0530 https://www.taxtmi.com/acts?id=30902