Permission for Purchase/acquisition of Foreign Securities in Certain Cases

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on for purchase/acquisition of foreign securities in certain cases (1) A person resident in India being an individual may acquire foreign securities:- (i)  by way of gift from a person resident outside India; or (ii)  issued by a company incorporated outside India under Cashless Employees Stock Option Scheme:- Provided it does not involve any remittance from....