https://www.taxtmi.com/acts?id=37891 Where an NCLT- or Competent Authority-approved scheme of arrangement exists, an Indian company may distribute by way of bonus out of general reserves non-convertible redeemable preference shares or non-convertible redeemable debentures to shareholders resident outside India, provided (a) the original non-resident investment complied with the Regulations and relevant Schedule, (b) the issuance complies with the Companies Act, 2013 and the approved scheme's terms, and (c) the company is not engaged in a sector prohibiting foreign investment. en-us Sat, 19 Oct 2019 13:14:33 +0530 Wed, 04 Jun 2025 11:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37891 Where an NCLT- or Competent Authority-approved scheme of arrangement exists, an Indian company may distribute by way of bonus out of general reserves non-convertible redeemable preference shares or non-convertible redeemable debentures to shareholders resident outside India, provided (a) the original non-resident investment complied with the Regulations and relevant Schedule, (b) the issuance complies with the Companies Act, 2013 and the approved scheme's terms, and (c) the company is not engaged in a sector prohibiting foreign investment. Act-Rules FEMA Sat, 19 Oct 2019 13:14:33 +0530 https://www.taxtmi.com/acts?id=37891