Acquisition Through a Rights Issue or a Bonus Issue

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.... warrants) issued by such company as a rights issue or a bonus issue provided that: (1) The offer made by the Indian company is in compliance with the provisions of the Companies Act, 2013; (2) Such issue shall not result in a breach of the sectoral cap applicable to the company; (3) The shareholding on the basis of which the rights issue or the bonus issue has been made must have been acqui....

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....ent has been made on a non-repatriation basis, the amount of consideration may also be paid by debit to the NRO account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016 Provided an individual who is a person resident outside India exercising a right which was issued when he/ she was a person resident in India shall hold the capital instruments (other than ....