Acquisition Through Rights Issue or Bonus Issue

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....ants) issued by such company as a rights issue or a bonus issue, provided that,- (a) the offer made by the Indian company is in compliance with the provisions of the Companies Act, 2013; (b) such issue shall not result in a breach of the sectoral cap applicable to the company; (c) the share holding on the basis of which the rights issue or the bonus issue has been made m....

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....on resident in India shall hold the equity instruments (other than share warrants) so acquired on exercising the option on a non-repatriation basis. ^1[****] ^3[(2) An Indian company, engaged in a sector or activity prohibited for foreign direct investment, may issue bonus shares to its pre-existing shareholders who are persons resident outside India, provided that the shareholding pat....