General permission is available for the individual employees/Directors of an Indian promoter company engaged in the field of software for acquisition of shares of a JV/WOS abroad provided:
the consideration for purchase does not exceed the ceiling as stipulated by RBI from time to time. The shares acquired by all the employees/directors do not exceed 5% of the paid-up capital of the Joint Venture or Wholly Owned Subsidiary outside India; and
after allotment of such shares, the percentage of shares held by the Indian promoter company, together with shares allotted to its employees is not less than the percentage of shares held by the Indian promoter company prior to such allotment.
Resident employees of Indian companies in the knowledge based sectors including working directors may purchase foreign securities under the ADR/GDR linked stock option scheme provided that the consideration for purchase does not exceed the ceiling as stipulated by RBI from time to time.
Have you violated FEMA due to ignorance? Did you receive ED notice for FEMA violation?
Schedule your Tele-Appointment with Ozgians to save your precious time and hard-earned money on unwanted legal costs for your FEMA / RBI and Enforcement Directorate related matters.
#FemaCompliance #FemaConsultant #fcraregistration #femaviolation #EDsummons #DebitCardBlocked #CreditCardBlocked #OnlineForexTrading #MoneyLaunderingCase #ozglawyer #MarginPayment #ForexTrading
Consultation ₹4141 ☎️ ozglaw.com/
Get Email Advisory ☎️ ask@fema.in
#fcgpr #OzgLaw #forextrader #FemaConsultant #FcraConsultant #RbiCompliance #OzgLawyers #LRSScheme #EDraid #OzgIndia #FATF #WhatsAppGroup
WhatsApp / DM 📲 @FEMAconsultant
24/7 Support Chat ☎️ 8779696580
