https://www.taxtmi.com/acts?id=37917 Rule 19 allows a transferee or new Indian company to issue equity instruments to non-resident shareholders of a transferor company following approval of a merger, demerger, reconstruction or similar scheme, subject to compliance with entry routes, sectoral caps and investment limits; potential breaches of sectoral caps require government approval; issuance is prohibited for companies operating in sectors closed to foreign investment; transactions involving listed companies must comply with listing obligation and disclosure requirements. en-us Sat, 19 Oct 2019 16:20:34 +0530 Fri, 30 May 2025 10:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37917 Rule 19 allows a transferee or new Indian company to issue equity instruments to non-resident shareholders of a transferor company following approval of a merger, demerger, reconstruction or similar scheme, subject to compliance with entry routes, sectoral caps and investment limits; potential breaches of sectoral caps require government approval; issuance is prohibited for companies operating in sectors closed to foreign investment; transactions involving listed companies must comply with listing obligation and disclosure requirements. Act-Rules FEMA Sat, 19 Oct 2019 16:20:34 +0530 https://www.taxtmi.com/acts?id=37917