Please see answer to Q.3 also.
Resident individuals can acquire/sell foreign securities without prior approval in the following cases: –
as a gift from a person resident outside India;
by way of ESOPs issued by a company incorporated outside India under Cashless Employees Stock Option Scheme which does not involve any remittance from India;
iii. by way of ESOPs issued to an employee or a director of Indian office or branch of a foreign company or of a subsidiary in India of a foreign company or of an Indian company irrespective of the percentage of the direct or indirect equity stake in the Indian company;
as inheritance from a person whether resident in or outside India;
by purchase of foreign securities out of funds held in the Resident Foreign Currency Account maintained in accordance with the Foreign Exchange Management (Foreign Currency Account) Regulations, 2000; and
by way of bonus/rights shares on the foreign securities already held by them.
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