Question
Under the FEMA norms issued by RBI for direct listing on
international exchanges, where must the proceeds from the sale of equity shares be remitted or deposited?Solution
According to the new FEMA norms, proceeds from the purchase or subscription of equity shares of an Indian company listed internationally must be remitted to a bank account in India or deposited in a foreign currency account of the Indian company.
More Beepedia Questions
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I. x2 + 91 = 20x
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