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[Cites 0, Cited by 0] [Section 7] [Entire Act]

Union of India - Subsection

Section 7(2) in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

(2)The "employee's stock option"/ "sweat equity shares" so issued under the applicable rules/ regulations are in compliance with the sectoral cap applicable to the said company;