Overseas Direct Investment – Liberalisation

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....04-RB dated July 7, 2004 Employees Stock Option Scheme (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 Dea....

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....g all the amendments done so far. The gazetted copy of the Notification 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....