https://www.taxtmi.com/acts?id=32325 Outbound merger regulations under FEMA permit residents to acquire or hold securities of the resultant company under the foreign security rules, and permit resident individuals to acquire foreign securities within Liberalized Remittance Scheme limits. The resultant company may be treated as having a branch office in India, may assume sanctioned liabilities subject to FEMA restrictions and lender consent, may hold permitted Indian assets, and must sell impermissible assets or securities within two years with repatriation of proceeds. It may also open a Special Non-Resident Rupee Account for these transactions for up to two years. en-us Tue, 15 May 2018 17:55:13 +0530 Fri, 05 Jun 2026 18:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32325 Outbound merger regulations under FEMA permit residents to acquire or hold securities of the resultant company under the foreign security rules, and permit resident individuals to acquire foreign securities within Liberalized Remittance Scheme limits. The resultant company may be treated as having a branch office in India, may assume sanctioned liabilities subject to FEMA restrictions and lender consent, may hold permitted Indian assets, and must sell impermissible assets or securities within two years with repatriation of proceeds. It may also open a Special Non-Resident Rupee Account for these transactions for up to two years. Act-Rules FEMA Tue, 15 May 2018 17:55:13 +0530 https://www.taxtmi.com/acts?id=32325