Article
FEMA Notification Confirms Legality Of Bonus Shares Issued To Foreign Shareholders In Prohibited Sectors
On June 11, 2025, the Department of Economic Affairs, Ministry of Finance, Government of India issued Notification S.O. 2549(E) ("2025 Notification") amending Rule 7 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (the "NDI Rules").
Majmudar & Partners