https://www.taxtmi.com/highlights?id=76967 Amendment to Regulation 3.1 of FEMA, Mode of Payment and Reporting of Non-Debt Instruments - To facilitate the purchase or subscription of equity shares of Indian companies listed on international exchanges by permissible holders. Payments can be made either directly to a foreign currency account of the Indian company or via inward remittance through banking channels. - Proceeds from the sale of equity shares can be remitted outside India or credited to the bank account of the permissible holder, ensuring fluid financial transactions and compliance with international standards. en-us Sun, 28 Apr 2024 22:14:01 +0530 Sun, 28 Apr 2024 22:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76967 Amendment to Regulation 3.1 of FEMA, Mode of Payment and Reporting of Non-Debt Instruments - To facilitate the purchase or subscription of equity shares of Indian companies listed on international exchanges by permissible holders. Payments can be made either directly to a foreign currency account of the Indian company or via inward remittance through banking channels. - Proceeds from the sale of equity shares can be remitted outside India or credited to the bank account of the permissible holder, ensuring fluid financial transactions and compliance with international standards. Highlights FEMA Sun, 28 Apr 2024 22:14:01 +0530 https://www.taxtmi.com/highlights?id=76967