Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... alers in Foreign Exchange Sirs / Madam, Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme Attention of Authorised Dealers is invited to Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and subsequent AP (DIR Series) Circulars No.32 dated April 28, 2001, No.16 dated December 15, 2001 and No.68 dated January 13, 2003 in terms of which, a resident i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Foreign Exchange Management (Transfer or issue of any foreign security) Regulations, 2000 are being issued separately. 4. Authorised Dealers may bring the contents of this Circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act 1999 (42 of 1999). Yours faith .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X