October 2014

Issue Equity Shares to Non-Residents for Legitimate Dues

In another move to facilitate FDI investments, RBI has relaxed the norms for the issuance of equity shares by Indian companies to non-residents against funds payable by the Indian company to such non-residents. Hitherto, Indian companies were permitted to issue shares and convertible debentures to a person resident outside India against lumpsum technical know-how fees,…

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