Regulation 6A - Acquisition of Bonus shares - Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000

These rules have been superseded vide New Regulations New Regulations of 2017 1 [6A. Acquisition of Bonus shares An Indian company may issue bonus shares to its non-resident shareholders, subject to the following conditions: (a) the shares against which bonus shares are issued by the company ( hereinafter referred to as 'the original shares') were acquired or held by the non-resident shareholder in accordance with the Rules/ Regulations applicable to such acquisition; (b) the bonus shares acquired by the non-resident shareholder shall be subject to the same conditions including restrictions in regard to repatriability as are applicable to the original shares. ] ******************************** Note : 1. Has been inserted vide Notification No. 094/2003 dated 18/6/2003