TMI BlogSwap of equity instruments and equity capitalX X X X Extracts X X X X X X X X Extracts X X X X ..... y instruments and equity capital. -- The transfer of equity instruments of an Indian company between a person resident in India and a person resident outside India may be by way of-- (i) swap of equ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m time to time: Provided that prior Government approval shall be obtained for transfer in all cases wherever Government approval is applicable. Explanation. - For the purposes of this clause, the e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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