Acquisition through rights issue or bonus issue

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..... y 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 must have been acquired and held as per the provisio .....

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..... red on exercising the option on a non-repatriation basis. 1[****] ************** NOTES:- 1. Omitted vide Notification No. S.O. 1374(E) dated 27-04-2020 before it was read as "Explanation: The above conditions shall also be applicable in case a person resident outside India makes investment in equity instruments (other than share warrants) issued by an Indian company as a rights issue tha .....

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