https://www.taxtmi.com/circulars?id=68450 An Indian company engaged in a sector prohibited for FDI may issue bonus shares to pre-existing non-resident shareholder(s) provided that the shareholding pattern of the pre-existing non-resident shareholder(s) does not change as a consequence of the issuance. Issuance must comply with applicable laws, rules, regulations and guidelines and the clarification will be effective from the date of the relevant FEMA notifications. en-us Mon, 07 Apr 2025 00:00:00 +0530 Tue, 15 Apr 2025 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68450 An Indian company engaged in a sector prohibited for FDI may issue bonus shares to pre-existing non-resident shareholder(s) provided that the shareholding pattern of the pre-existing non-resident shareholder(s) does not change as a consequence of the issuance. Issuance must comply with applicable laws, rules, regulations and guidelines and the clarification will be effective from the date of the relevant FEMA notifications. Circulars FEMA Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68450