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Back to Top of Index Question-95: What is the procedure for issue of bonus shares ?

April 26, 2017Bonus index ISSUE procedure Shares

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Back to Top of Index Question-95: What is the procedure for issue of bonus shares ?

1 Answer

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The concerned Indian company should approach Reserve Bank for issue of bonus shares to NRIs if the original investment is on repatriation basis. Issue of bonus shares in respect of investment on non-repatriation basis is covered by general permission. (Please see answer to Question No. 50).