Rule 7A - Acquisition after Renunciation of Rights - Foreign Exchange Management (Non-debt Instruments) Rules, 2019

1 [ Acquisition after Renunciation of Rights .- 7A. A person resident outside India who has acquired a right from a person resident in India who has renounced it may acquire equity instruments (other than share warrants) against the said rights as per pricing guidelines specified under rule 21 of these rules ] ***************** NOTES:- 1 . Inserted vide Notification No. S.O. 1374(E) dated 27-04-2020 , w.e.f. 27-04-2020.