https://www.taxtmi.com/notifications?id=141930 Schedule XI establishes payment, remittance and reporting requirements for purchase or subscription of equity shares of Indian companies listed on an International Exchange by permissible holders. Consideration must be paid through banking channels to an eligible foreign currency account of the Indian company or through inward remittance. Sale proceeds, net of taxes, may be remitted outside India or credited to the permissible holder's eligible bank account. Form LEC (FII) reporting covers specified International Exchange purchases or subscriptions classified as Foreign Portfolio Investment, excluding transfers between permissible holders. en-us Fri, 19 Apr 2024 00:00:00 +0530 Mon, 07 Sep 2026 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141930 Schedule XI establishes payment, remittance and reporting requirements for purchase or subscription of equity shares of Indian companies listed on an International Exchange by permissible holders. Consideration must be paid through banking channels to an eligible foreign currency account of the Indian company or through inward remittance. Sale proceeds, net of taxes, may be remitted outside India or credited to the permissible holder's eligible bank account. Form LEC (FII) reporting covers specified International Exchange purchases or subscriptions classified as Foreign Portfolio Investment, excluding transfers between permissible holders. Notifications FEMA Fri, 19 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141930