https://www.taxtmi.com/acts?id=37919 Rule 21 requires equity instruments issued to, or transferred involving, non-residents to comply with minimum or maximum pricing based on applicable market pricing or certified arm's-length valuation. Convertible instruments and share warrants must have their price or conversion formula determined upfront. Non-resident investors cannot receive an assured exit price and must exit at the prevailing price. Equity-instrument swaps require specified professional valuation, while memorandum-of-association subscriptions may be at face value subject to entry-route and sectoral-cap requirements. Non-repatriation investments are excluded. en-us Sat, 19 Oct 2019 16:22:09 +0530 Tue, 01 Sep 2026 11:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37919 Rule 21 requires equity instruments issued to, or transferred involving, non-residents to comply with minimum or maximum pricing based on applicable market pricing or certified arm's-length valuation. Convertible instruments and share warrants must have their price or conversion formula determined upfront. Non-resident investors cannot receive an assured exit price and must exit at the prevailing price. Equity-instrument swaps require specified professional valuation, while memorandum-of-association subscriptions may be at face value subject to entry-route and sectoral-cap requirements. Non-repatriation investments are excluded. Act-Rules FEMA Sat, 19 Oct 2019 16:22:09 +0530 https://www.taxtmi.com/acts?id=37919