https://www.taxtmi.com/acts?id=37891 Regulation 6 permits an Indian company, after approval of a Scheme of Arrangement for merger, demerger or amalgamation, to distribute non-convertible redeemable preference shares or non-convertible redeemable debentures as bonus from general reserves to shareholders resident outside India. The original foreign investment must comply with the applicable foreign investment framework, the issue must comply with the Companies Act, 2013 and Scheme conditions, and the company must not operate in a sector prohibited for foreign investment. en-us Sat, 19 Oct 2019 13:14:33 +0530 Mon, 07 Sep 2026 18:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37891 Regulation 6 permits an Indian company, after approval of a Scheme of Arrangement for merger, demerger or amalgamation, to distribute non-convertible redeemable preference shares or non-convertible redeemable debentures as bonus from general reserves to shareholders resident outside India. The original foreign investment must comply with the applicable foreign investment framework, the issue must comply with the Companies Act, 2013 and Scheme conditions, and the company must not operate in a sector prohibited for foreign investment. Act-Rules FEMA Sat, 19 Oct 2019 13:14:33 +0530 https://www.taxtmi.com/acts?id=37891