Permission for purchase/acquisition of foreign securities in certain cases

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..... on of foreign securities in certain cases (1) A person resident in India being an individual may acquire foreign securities:- (i) by way of gift from a person resident outside India; or (ii) issued by a company incorporated outside India under Cashless Employees Stock Option Scheme:- Provided it does not involve any remittance from India, or (iii) by way of inheritance from a person whether reside .....

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