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Overseas Direct Investment – Liberalisation
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....e (ESOP) This circular deals with two issues. The first one relates to the issue of notification which incorporates all amendments relating to overseas investment. The second one is a liberalisation in the ESOP scheme. The details are given below : 2. Notification No.FEMA.120/2004-RB dated July 7, 2004 Attention of the Authorised Dealer banks is invited to the Foreign Exchange Management (Tran....
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....tification No.120/2004-RB dated July 7, 2004 is enclosed. 3. Employees Stock Option Scheme (ESOP) In terms of sub-regulation (2) of Regulation (22) of the Notification, ibid, a person resident in India, being an individual, who is an employee or a director of an Indian Office; or branch or a subsidiary of a foreign company in India; or of an Indian company in which foreign equity holding is not ....