https://www.taxtmi.com/acts?id=37905 Foreign investment in equity instruments, other than share warrants, through rights or bonus issues is permitted for existing non-resident investors, subject to company law compliance, sectoral caps, lawful underlying shareholding, applicable issue conditions, and prescribed payment requirements. Listed-company rights issues may be priced by the company, whereas unlisted-company issues cannot be priced below offers made to resident investors. Individuals exercising rights issued during Indian residence must hold resulting instruments on a non-repatriation basis. Bonus shares may be issued in prohibited foreign investment sectors if non-resident shareholders' shareholding pattern remains unchanged. en-us Sat, 19 Oct 2019 16:09:54 +0530 Mon, 31 Aug 2026 18:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37905 Foreign investment in equity instruments, other than share warrants, through rights or bonus issues is permitted for existing non-resident investors, subject to company law compliance, sectoral caps, lawful underlying shareholding, applicable issue conditions, and prescribed payment requirements. Listed-company rights issues may be priced by the company, whereas unlisted-company issues cannot be priced below offers made to resident investors. Individuals exercising rights issued during Indian residence must hold resulting instruments on a non-repatriation basis. Bonus shares may be issued in prohibited foreign investment sectors if non-resident shareholders' shareholding pattern remains unchanged. Act-Rules FEMA Sat, 19 Oct 2019 16:09:54 +0530 https://www.taxtmi.com/acts?id=37905