Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme

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Full Text of the Document

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....Madam, Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme Attention of Authorised Dealers is invited to Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and subsequent AP (DIR Series) Circulars No.32 dated April 28, 2001, No.16 dated December 15, 2001 and No.68 dated January 13, 2003 in terms of which, a resident individual who is an employee or directo....