Can rights/bonus shares be issued to NRI?

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Yes, the Indian companies are allowed to freely issue the rights/bonus shares to existing NRI shareholders. The issuing company needs to ensure that the issuance of such rights/bonus shares is within the sectoral cap limit allowed for NRI.


Add a public comment...