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Acquisition through a rights issue or a bonus issue

Regulation 6 - Regulation - Regulations - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 - Regulation 6 - 6. A person resident outside India and having investment in an Indian company .....

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(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 acquired and held as per the provisions of these Re .....

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ot be at a price less than the price offered to persons resident in India. (6) Such investment made through rights issue or bonus issue shall be subject to the conditions as are applicable at the time of such issue. (7) The amount of consideration sh .....

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