Mr.X is a person of Indian origin residing in UK and also employed in a company there(Say Company A).Company A is providing software services to its clients. The client of company A succeeds because of Company A's employees valuable service. So the Client company of company A decided to give Equity shares as gift to the employees of company A.All the dividend income will be received in his account in India as holding shares by an employee of a company other than his own company is illegal there.So if he decides to credit the amount in the name of a person in India,what are the rules and regulations he has to comply with under Income tax and FEMA act? Reply ASAP