As per the FEMA, foreign security means (i) shares expressed in foreign currency and dividend is payable in Indian currency. (ii) bonds denominated in foreign currency. (iii) bonds denominated in...

As per the FEMA, foreign security means

(i) shares expressed in foreign currency and dividend is payable in Indian currency.


(ii) bonds denominated in foreign currency.


(iii) bonds denominated in foreign currency and redemption will take place in Indian currency.


(iv) all of the above.




May 26, 2022
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