Outbound merger

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..... Security) Regulations, 2004. (2) a resident individual may acquire securities outside India provided that the fair market value of such securities is within the limits prescribed under the Liberalized Remittance Scheme laid down in the Act or rules or regulations framed thereunder. (3) An office in India of the Indian company, pursuant to sanction of the Scheme of cross border merger, may be de .....

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..... r regulations framed thereunder. Provided further that a no-objection certificate to this effect should be obtained from the lenders in India of the Indian company. (5) The resultant company may acquire and hold any asset in India which a foreign company is permitted to acquire under the provisions of the Act, rules or regulations framed thereunder. Such assets can be transferred in any manner f .....

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