https://www.taxtmi.com/acts?id=40927 Residents holding equity in a foreign entity may subscribe to equity issued as a rights issue or be granted bonus shares, subject to the Act and applicable rules. A resident acquiring rights under a rights issue may renounce those rights in favour of a person resident in India or a person resident outside India, contingent on the procedural and compliance conditions prescribed by the overseas investment regulations. en-us Tue, 23 Aug 2022 15:12:56 +0530 Tue, 27 May 2025 18:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40927 Residents holding equity in a foreign entity may subscribe to equity issued as a rights issue or be granted bonus shares, subject to the Act and applicable rules. A resident acquiring rights under a rights issue may renounce those rights in favour of a person resident in India or a person resident outside India, contingent on the procedural and compliance conditions prescribed by the overseas investment regulations. Act-Rules FEMA Tue, 23 Aug 2022 15:12:56 +0530 https://www.taxtmi.com/acts?id=40927